M&A Deal Summary

VERTU Capital Acquires PathFactory

On November 8, 2021, private equity firm VERTU Capital acquired internet software and services company PathFactory from Edison Partners

Acquisition Highlights
  • This is VERTU Capital’s 2nd transaction in the Internet Software and Services sector.
  • This is VERTU Capital’s 3rd transaction in Canada.
  • This is VERTU Capital’s 4th transaction in Ontario.

M&A Deal Summary
Date 2021-11-08
Target PathFactory
Sector Internet Software and Services
Buyer(s) VERTU Capital
Sellers(s) Edison Partners
Deal Type Secondary Buyout

Target

PathFactory

Toronto, Ontario, Canada
PathFactory is a provider of an intelligent content platform for B2B digital marketing. PathFactory was founded in 2012 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

VERTU Capital

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
DESCRIPTION

VERTU Capital is a private investment firm focused on acquiring and investing in Canadian technology companies. VERTU targets established B2B companies with at least $20 million in revenue and enterprise values ranging from $75 to $250 million. VERTU Capital was formed in 2016 and is headquartered in Toronto.

DEAL STATS #
Overall 4 of 6
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 2 of 2
State (Ontario) 4 of 5
Country (Canada) 3 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Firmex

Toronto, Ontario, France

Firmex is a virtual data room provider that has helped to drive the virtual data room marketplace with its SaaS secure document sharing platform to global financial institutions, law firms, and governments. Firmex’s secure and intuitive SaaS solution allows for the sharing of large volumes of confidential documents and mission-critical undertakings, including financial transactions, litigation, and compliance across a range of industries. Firmex was founded in 2006 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 ActiveState Software

Vancouver, British Columbia, Canada

ActiveState Software is a software company that develops anti-spam software for enterprises and professional tools for open source language programmers. ActiveState Software was founded in 1997 and is based in Vancouver, British Columbia.

Buy -

Seller(S) 1

SELLER

Edison Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1986
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION

DEAL STATS #
Overall 15 of 22
Sector (Internet Software and Services) 3 of 5
Type (Secondary Buyout) 2 of 3
State (Ontario) 2 of 3
Country (Canada) 2 of 3
Year (2021) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Bodhala

New York, New York, United States

Bodhala is legal spend analytics and management platform, provides corporate legal departments with in-depth analytics and spend optimization solutions based on real-time market intelligence. Powered by machine learning and AI, Bodhala transforms messy data into actionable, high-impact insights to help companies save up to 20% on their outside counsel spend. Bodhala was formed in 2014 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-24 Bricata

Columbia, Maryland, United States

Bricata is a cybersecurity solution provider that helps enterprises prevent or detect known threats, identify anomalies that could be threats, and also has the capability to hunt for threats already hiding inside the network. Bricata is based in Columbia, Maryland.

Sell -
Mergr

Product

Company

Legal