Legado Capital, a pledge fund, has acquired Ottawa based Kivuto Solutions Inc., along with a group of investors, including the lead investor, Roynat Equity Partners.
Legado Capital is an entrepreneurial investment firm focused on the acquisition and active management of medium sized growing businesses. Legado was formed with the sole purpose of seeking to make a controlling investment in a stable company with high growth potential.
Founded in 1997 by Ram Raju, Kivuto Solutions Inc. provides award-winning platform powers OnTheHub, a network of custom school branded web stores that provides students with discounted academic software and Texidium, an end-to-end eBook adoption, delivery and reader solution.
For the past two decades, Kivuto has worked with leading software publishers to develop academic programs that empower students and provide them with the tools and skills they need to be successful when they reach the workforce. These programs are designed to give students and faculty low to no cost access to top-tier products provided by publishers.
“Legado is committed to working with its partners and executing on a strategy that will see Kivuto continue its growth globally,” said Carlos Meza, Managing Partner of Legado Capital.
“Roynat Equity Partners is excited to partner with Legado and support a company that has established itself in the technology and education sectors like Kivuto and continues to exhibit significant growth opportunities,” said Paul Angelopoulos, Director, Roynat Equity Partners.
“Kivuto has built a great team of professionals that have driven much of the company’s success over the years and we’re thrilled to be a part of this world-class organization,” said Jeff Blacklock, Managing Partner of Legado Capital.
Blake, Cassels & Graydon LLP served as legal counsel to the lead institutional investor group and Stikeman Elliott LLP served as legal counsel to Legado Capital in connection with the transaction.
photo credit: Kivuto Solutions