Firm: Riverside Partners
Fund: Riverside Fund IV LP
Target: $250 million
Riverside Partners was founded in 1988. Led by David Belluck and Brian Guthrie, both formerly of the consulting group Monitor Group, as well as Phillip Borden, Steve Kaplan, and Jon Lemelman, the firm specializes in investments in the health care and technology sectors. It targets companies with annual revenue of between $10 million and $100 million, and is open to a variety of transactions, including partial or complete buyouts, recapitalizations, growth equity deals, divestitures, take-private transactions, and strategic add-on deals.
Recent activity includes a growth investment in Vocollect Inc. in July, and an add-on acquisition of Renewable Power Systems by portfolio company Alteris Renewables in June. A month prior, the firm sponsored the recapitalization of IZI Medical Products, a Baltimore-based provider of medical markers used in image-guided surgery, radiology and radiation therapy.
The firm declined to comment for this article.