Roynat partners with Legado in buy of Kivuto Solutions


High angle shot of a group of students studying in a coffee shop; Photo courtesy of PeopleImages/E+/Getty Images

Canadian private investment firm Legado Capital has acquired Kivuto Solutions Inc, an Ottawa-based provider of academic software, e-texts and other digital resources. No financial terms were disclosed for the deal, which saw Legado partner with a group of investors led by Canadian private equity firm Roynat Equity Partners. Founded in 1997 by Ram Raju to simplify software management and distribution in the higher education sector, Kivuto today distributes its solutions to users in over 195 countries. Legado Managing Partner Carlos Meza said his firm, Roynat and the other partners will support Kivuto’s continued global growth.

PRESS RELEASE

Legado Capital completes acquisition of Kivuto Solutions with lead equity investor Roynat Equity Partners and a consortium of other institutional Investors

OTTAWA, March 9, 2018 /CNW/ – Legado Capital (“Legado”) is pleased to announce the successful closing of the acquisition of Kivuto Solutions Inc. (“Kivuto”), along with a group of investors, including the lead investor, Roynat Equity Partners.

Founded in 1997 by Ram Raju, Kivuto Solutions Inc. was established to simplify the management and distribution of software in higher education. Today, the company’s award-winning platform powers OnTheHub, a network of custom school branded web stores that provides students with discounted academic software and Texidium, an end-to-end eBook adoption, delivery and reader solution.

For the past two decades, Kivuto has worked with leading software publishers to develop academic programs that empower students and provide them with the tools and skills they need to be successful when they reach the workforce. These programs are designed to give students and faculty low to no cost access to top-tier products provided by publishers.

“Legado is committed to working with its partners and executing on a strategy that will see Kivuto continue its growth globally,” said Carlos Meza, Managing Partner of Legado Capital.

“Roynat Equity Partners is excited to partner with Legado and support a company that has established itself in the technology and education sectors like Kivuto and continues to exhibit significant growth opportunities,” said Paul Angelopoulos, Director, Roynat Equity Partners.

“Kivuto has built a great team of professionals that have driven much of the company’s success over the years and we’re thrilled to be a part of this world-class organization,” said Jeff Blacklock, Managing Partner of Legado Capital.

Blake, Cassels & Graydon LLP served as legal counsel to the lead institutional investor group and Stikeman Elliott LLP served as legal counsel to Legado Capital in connection with the transaction.

About Roynat Equity Partners

Roynat Equity Partners facilitates growth and creates wealth in established mid-market private companies by providing patient capital, advice and contact networks to Canadian entrepreneurs. With over $300 million in committed capital and offices across Canada, Roynat Equity Partners is dedicated to helping mid-market companies grow and achieve their business goals. Flexible investment structures are tailored to the needs of partners and include common equity, preferred equity, and convertible debt and can be part of a complete financing solution provided by Roynat Capital and Scotiabank. Roynat Equity Partners is a division of Roynat Inc. which is a wholly owned subsidiary of Scotiabank. For more information, please visit www.roynat.com/equity

About Legado Capital

Legado Capital is an entrepreneurial investment firm focused on the acquisition and active management of medium sized growing businesses. Legado was formed with the sole purpose of seeking to make a controlling investment in a stable company with high growth potential. Legado is supported by an unparalleled investor group comprised of institutional and private investors with entrepreneurship and operational experience. Legado’s investor group is well spread across North America with operations based in Boston, New York, Chicago, Dallas, San Francisco, Los Angeles, Toronto, Vancouver and Calgary. For more information, please visit www.legadocapital.ca

About Kivuto Solutions Inc.

Kivuto Solutions is the world’s leading provider of advanced digital distribution and management solutions that enable the secure delivery of digital resources to individuals, businesses, and organizations anywhere in the world. Kivuto simplifies the process of delivering any digital good to any market under virtually any terms and conditions. Over 60,000 academic institutions and departments trust Kivuto to manage and distribute software to their students, faculty and staff. The company distributes software and other digital resources to millions of users in over 195 countries. For more information, please visit www.kivuto.ca

For further information: For Media Inquiries, please contact: Lukas Gerber, [email protected], 416.448.7024; Legado Capital, [email protected]

Photo courtesy of PeopleImages/E+/Getty Images

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