Funds advised by Apax Partners LLP have announced a definitive agreement to acquire a controlling stake in Veriforce, a global leader in supply chain risk management solutions, from Thoma Bravo. The financial terms of the transaction were not disclosed, and it remains subject to regulatory approval. Veriforce, headquartered in the US with hubs in Canada and the UK, serves multiple end markets and operates in over 140 countries. Under Thoma Bravo’s ownership, Veriforce achieved rapid growth, expanding its client and contractor base, as well as tripling its workforce. The acquisition is expected to drive further organic growth and international scaling, supported by Apax’s experience in the SCRM sector. Harris Williams advises Apax, whereas William Blair acts as the exclusive financial advisor to Veriforce.
Private Equity, Supply Chain Management, Technology,United States, Canada, United Kingdom
https://www.apax.com/news-views/apax-funds-to-acquire-veriforce-from-thoma-bravo/