Nouvelles et évènements

NOVACAP AND MARANON CAPITAL SELL PKWARE TO THOMPSON STREET CAPITAL PARTNERS

May 15, 2020

Montreal, May 15th, 2020 – Novacap, one of Canada's leading private equity firms, and Maranon Capital, announce the sale of PKWARE Inc. (“PKWare) to Thompson Street Capital Partners, a private equity firm based in St. Louis, MO.

Based in Milwaukee, WI and founded in 1986, PKWare is a leading provider of data security software solutions. The company created the .ZIP file format and provides leading compression, encryption, and data security platform solutions to highly regulated enterprises. The Company’s flagship data security platform, Smartcrypt, enables companies to protect sensitive data, meet compliance and regulatory requirements and manage risk.

“Novacap and Maranon have been tremendous partners during our 10-year association. They have always been supportive of making significant investments in the development of new products in order to better position the business for the future” says Miller Newton, outgoing PKWare CEO and Advisor to the Board.

About PKWARE Inc.

PKWARE (www.pkware.com) is a provider of encryption and compression software, offering data security solutions incorporating data discovery, classification, and protection in automated, policy-driven workflows.

About NOVACAP

Founded in 1981, Novacap is a leading Canadian private equity firm with $3.6 billion of assets under management. Its distinct investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous portfolio companies. With an experienced management team and substantial financial resources, Novacap is well-positioned to continue building world-class businesses. Backed by leading global institutional investors, Novacap's deals typically include leveraged buyouts, management buyouts, add-on acquisitions, IPOs, and privatizations. Over the last 39 years, Novacap has invested in more than 90 companies and completed more than 130 add-on acquisitions. The company has offices in Toronto, Ontario and Brossard, Quebec. For more information, please visit www.novacap.ca.

 

About MARANON CAPITAL L.P.

Maranon Capital, L.P. is an investment firm focused on private credit investments. Maranon’s competitive edge is its multi-product strategies that span the balance sheet with value-added financing and equity co-investments. Since 2008, Maranon has committed over $6.8 billion of capital. For more information about Maranon please visit www.MaranonCapital.com.

 

Source: Novacap