Welsh, Carson, Anderson & Stowe, TCV buy Avetta
Welsh, Carson, Anderson & Stowe is buying a majority of Avetta, while TCV is acquiring a minority. Norwest Venture Partners, the seller, is retaining a stake along side founders and management. Financial terms weren’t announced. Avetta, of Irvine, California, provides cloud-based risk-management software to businesses in sectors such as oil and gas, chemicals and transportation. Avetta and Norwest were advised by William Blair. WCAS was advised by Raymond James
21 March 2018•4 mins read
