Announced
Financials
Sources
Tags
United States
Acquisition
Cross Border
Pending
tax software
Private Equity
Software
Friendly
Single Bidder
Majority
Private
software development
Synopsis
Private equity firm Cinven agreed to invest in Drake Software, a provider of software for tax preparers. Financial terms were not disclosed. "This is a truly outstanding opportunity for Cinven to invest behind a team that has not only built a product that is loved by its customers, but also has a well-established position in a stable market with a wide range of exciting growth prospects," Chris Good, Cinven Partner.
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