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M&A Deal Summary

Sverica Acquires iWave Information Systems

On June 21, 2017, growth capital firm Sverica acquired information technology company iWave Information Systems

Acquisition Highlights
  • This is Sverica’s 6th transaction in the Information Technology sector.
  • This is Sverica’s 3rd transaction in Canada.
  • This is Sverica’s 1st transaction in Prince Edward Island.
Investment Fate
  • iWave Information Systems was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2017-06-21
Target iWave Information Systems
Sector Information Technology
Buyer(s) Sverica
Deal Type Buyout (LBO, MBO, MBI)

Target

iWave Information Systems

Charlottetown, Prince Edward Island, Canada
iWave Information Systems is a provider of access to data and proprietary analytics to help prospect researchers, fundraisers, and other development professionals determine which donor prospects to ask, how much to ask for, and when to ask. iWave Information Systems was founded in 1991 and is based in Charlottetown, Prince Edward Island.

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Buyer(S) 1

Buyer

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $250 million. Sverica looks to commit $25 to $75 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.

DEAL STATS #
Overall 26 of 47
Sector: Information Technology M&A 6 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 17
State: Prince Edward Island M&A 1 of 1
Country: Canada M&A 3 of 3
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Sheet Music Plus

Emeryville, California, United States

Sheet Music Plus LLC is an online retailer of sheet music. Its offers shoppers over 400,000 products – typically songbooks, scores, and instructional books.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 OASIS Group

Dublin, Ireland

OASIS Group is a largest and most diverse professional records and information management companies in Europe. OASIS provides secure offsite records storage and related services to businesses: hard copy paper storage, media storage, imaging, digital archiving, and destruction services. It operates in 30 locations across six countries, managing vital information for over 5,000 clients. OASIS Group was established in 1999 and is based in Dublin, Ireland.

Sell -
Mergr

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