TORONTO, Nov. 12 /CNW/ - Wellington Financial LP, a leading privately
held specialty finance firm, today announced that Wellington Financial Fund II
portfolio company, Longview Solutions Inc. ("Longview") of Toronto, Ontario,
has been acquired by Exact Software ("Exact") of Delft, the Netherlands.
Exact announced on September 17th that it had agreed to acquire Longview
for approximately US$51.5 million. This now completed strategic transaction
strengthens Exact's business empowerment software portfolio by adding
Longview's powerful corporate performance management (CPM) software and
collectively bolsters Exact's expansion to the higher end of the mid-market.
Wellington Financial provided Longview with $3.5 million of True Growth
Capital on December 7th, 2005.
Since Wellington Financial Fund III began operation in September 2006,
Wellington Financial LP has led more than $100 million of transactions, making
it the most active fund of its kind in Canada.
About Wellington Financial LP
Wellington Financial LP is a privately held specialty finance firm
providing operating lines of credit, term, venture and amortizing loans up to
$40 million. Wellington Financial LP is currently deploying a $400 million
investment program via its third fund. The fund's clients vary in size and
business model, but generally have current year revenue of approximately
$5 million. Wellington Financial LP is managed by a partnership controlled by
fund management and Clairvest Group Inc. (CVG:TSX), who jointly have
contributed a large financial stake to Fund III. Limited partners include
several of Canada's largest institutional investors, crown corporations,
financial institutions and pension funds. Please visit the fund website at
www.wellingtonfund.com, or the Wellington Financial team blog at
For further information:
For further information: Amy Olah, Marketing Manager, Wellington
Financial LP, Tel: (416) 682-6002, firstname.lastname@example.org