Wellington provides $24 mln to support Exari's buy of Adsensa
Canadian specialty finance firm Wellington Financial has provided US$24 million in debt financing to Exari, a Boston-based provider of enterprise contract management software. The funds raised will be used to support the company's acquisition of Adsensa, a U.K. supplier of document intelligence solutions. Beacon Equity Partners, a U.S. private equity firm that initially invested in Exari in 2008, also contributed funding. Exari said the deal will create a complete contract lifecycle management platform for customers. Wellington closed its fifth fund at its hard-cap target of $300 million in 2015.
12 June 2017•3 mins read
