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Verafin completes $515 mln equity and debt recap

Verafin, a Canadian financial crime management software company, has completed a $515 million equity and debt recapitalization. Proceeds of the recap will be used for growth. Investors in the equity round were Spectrum Equity, Information Venture Partners, Northleaf Capital Partners, BDC Capital and Teralys Capital. Wells Fargo Capital Finance led the senior debt financing with participation from other backers that included Scotiabank.

Source: Press Release