GTCR is buying a majority stake in software-as-a-service provider BServ. The private equity firm has not disclosed the financial details of the transaction.
On the transaction, Bank of Montreal, SunTrust Robinson Humphrey and Silicon Valley Bank provided debt financing to the buyer. GTCR is making the acquisition through the GTCR Fund X, a private equity fund with $3.25 billion of committed capital.
Click here for the release from Business Wire.