Siris Completes $840M Take-Private LBO of Digital River
February 17, 2015
An investor group led by Siris Capital has completed the $840 million take-private acquisition of Digital River, an e-commerce solutions provider previously listed on the NASDAQ. Macquarie Capital and Sankaty Advisors committed to provide financing. Following the closed transaction, Digital River will be wholly owned by an affiliate of Siris and continue to operate under its current name; it offers SaaS commerce, payments and marketing services to help companies manage and grow their online businesses. Previous backers included Institutional Venture Partners.