Exit Represents the Firm’s First Successful Portfolio Realization
LOS ANGELES – July 20, 2018 – Diversis Capital LLC, a Los Angeles-based private equity firm that acquires controlling interests in small- to middle-market companies, today announced that it has completed the sale of portfolio company BLUE Software, LLC (“BLUE”), a Chicago-based label and artwork management software company, to Esko, a Danaher company and global provider of software and hardware for packaging design. Terms of the transaction were not disclosed.
Diversis acquired BLUE, which was a growing enterprise-class software business unit of a public company, in December 2014. Since its original investment, the business has made important investments in research and development, as well as sales, to accelerate the company’s growth. During Diversis’ ownership of BLUE, the company completed the acquisitions of Design2Launch from Kodak Corporation and independently owned Viki Solutions to accelerate its innovation strategy and growth path.
“We worked in close partnership with BLUE’s management team,” said Ron Nayot, co-founder and managing director of Diversis Capital. “This collaboration illustrates the hands-on, operational expertise we bring to our portfolio companies.”
Kevin Ma, co-founder and managing director of Diversis Capital, added, “This outcome was a true team effort from BLUE’s management and the Diversis operators. We are pleased with this transaction, which is the first realization from Diversis’ portfolio of companies. After just three and a half years, this transaction is a very strong result for our investors and validates our deeply integrated operational approach to investing.”
About Diversis Capital
Founded in 2013, Diversis Capital LLC is a North American private equity firm with a focus on deals in the lower and middle markets that uses a partnership approach to achieving long-term sustainable growth and success. The team of investment professionals has experience working on complex transactions in a wide range of industries, leveraging its deep hands-on operational expertise and providing sellers speed, flexibility and certainty in a transaction. More information is available at www.diversiscapital.com.
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