Edison Partners exits eSentire with PE deal, will keep minority stake
U.S. growth equity firm Edison Partners said it has exited eSentire Inc, a Cambridge, Ontario-based managed cybersecurity solutions provider. The exit, the result of a reported US$100 million-plus investment by U.S. private equity firm Warburg Pincus, generated a "meaningful return and IRR," Edison said. Edison made an initial investment in eSentire in 2013 and co-led last year's US$19.5 million financing. While the firm was invested, eSentire showed 8x revenue growth. With the Warburg deal, scheduled to close this month, Edison said it will maintain a minority ownership position in the company.
19 September 2017•3 mins read
