Riverside Partners

Riverside Partners is an American investment firm, specializing in private equity, based in Boston. Riverside Partners develops and manages private equity investment products in middle market healthcare and technology companies. Founded in 1989, Riverside Partners has managed more than $700 million in investments in over 55 companies. The firm is currently focused on companies with revenues between $20 –$200 million and with $5 – $25 million of EBITDA.[1]

History of private equity
and venture capital
Early history
(origins of modern private equity)
The 1980s
(leveraged buyout boom)
The 1990s
(leveraged buyout and the venture capital bubble)
The 2000s
(dot-com bubble to the credit crunch)
Riverside Partners, LLC
TypePrivate Partnership
IndustryFinancial Services
Founded1989 (1989)
HeadquartersBoston, Massachusetts, U.S.
ProductsPrivate equity
Mezzanine capital funds
AUMUS$700 mil (December 2011)
Websitewww.riversidepartners.com

Investment funds

Between 1988 and 2011, Riverside Partners has developed five funds investing more than $1 billion in targeted healthcare technology companies.

  • Riverside Fund I, LP (closed)
  • Riverside Fund II, LP (closed)
  • Riverside Fund III, LP (closed)
  • Riverside Fund IV, LP (closed) – $406,000,000[2]
  • Riverside Fund V, LP (closed) - $561,000,000[3]

Investments

Riverside Partners’ investments in medical device, software and technology companies include more than a dozen current engagement and nine closed sales.

  • Applied Precision (acquired)
  • Barrier Safe Solutions International (acquired)
  • Cushcraft (acquired)
  • MicroCal (acquired)
  • MicroDental (acquired)
  • Quantum Medical Imaging (acquired)
  • Rudolph Technologies, Inc. (IPO)
  • Vocollect (acquired)
  • Dominion Diagnostics
  • Eliassen
  • GEM Engineering
  • Health Drive
  • IPA
  • ITC Global
  • Logically
  • Max Vision
  • NDS Surgical Imaging
  • Pilgrim Software
  • Real Goods Solar
  • Tech Valley Communications
  • Tegra Medical
  • Thinklogical
  • Weblocalize

Key employees
  • David Belluck, General Partner
  • Brian Guthrie, General Partner
  • John Lemelman, General Partner
  • Ian Blasco, General Partner
  • Steve Kaplan, General Partner
  • Kevin Sullivan, Chief Financial Officer

References
  1. Riverside Partners eyes $500M for mid-market fund, Wall Street Journal, March 29, 2012.
  2. Riverside Gathering Steam On Way To $500M For Latest Fund, Dow Jones, March 29, 2012.
  3. Riverside Partners raises $561M, PRNewswire, May 14, 2012.
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