Clairvest Partners exits KUBRA
Hearst Corp. said Wednesday it has bought an 80 percent stake in KUBRA Data Transfer. Sellers include Clairvest Partners. Financial terms weren’t announced. Kubra, of Mississauga, Ontario, is a payment processor for utilities and companies in the insurance, financial services and healthcare sectors. Wells Fargo Securities advised Hearst Corporation and Financial Technology Partners served as advisors to KUBRA. News of the sale was reported by peHUB in May.
3 September 2014•4 mins read
