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Kivuto Solutions

The Deal

Bought By
Carlos Meza and Jeff Blacklock
Year
2018
Vehicle
Legado Capital, backed by Endurance Search Partners, Search Fund Partners, Aspect Investors, The Operand Group and The Cambria Group
Kind
Software

An Ottawa company whose platform distributes and manages software licenses for educational institutions and publishers.

What Happened Next

Sold out of receivership: a legal magazine's deal note says Valsoft acquired the company on February 13, 2023, with the company represented by its court-appointed receiver. A local business paper had reported in February 2021 that a new chief executive replaced the first searcher.

The searchers held it 5 years, from 2018 to 2023.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Endurance Search Partners

Search Fund Partners

Aspect Investors

The Operand Group

The Cambria Group

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.