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Riverside-backed Sage buys Capital Precision

The global private equity firm has been growing its corporate communications platform as it invests its fifth fund, which is targeting $900m.

The Riverside Company-backed Sage Holdings has acquired Capital Precision, a London- and New York-based provider of information about capital markets. Financial terms of the deal were not disclosed.

Capital Precision was founded in 2005 and provides capital markets information to more than 200 companies and their advisors. The company provides global shareholder analyses and institutional targeting and fund tracking.

Riverside has bolstered its global corporate communications platform this year with several acquisitions. Earlier this year, the firm acquired M:Communications, a European-based financial and investor communications consultant, for an undisclosed amount.

The firm also purchased add-ons Hallvarsson & Halvarsson, a stakeholder communications company in Scandinavia and proxy solicitation company DF King.

Riverside is investing from its fifth fund, which is raising $900 million and held a second close on roughly $550 million in July. The firm has 18 offices worldwide and a team of more than 180 professionals.