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Sverica Capital Management sells iWave to Incline Equity Partners

Sverica Capital Management (Sverica) has sold its portfolio company iWave to private equity firm Incline Equity Partners (Incline), ending a five-year partnership during which the fundraising intelligence specialist tripled in size.

Founded in 1991 and headquartered in Charlottetown, PE, Canada, iWave provides education, healthcare, and nonprofit organisations with an intuitive platform that aggregates wealth, philanthropic and biographic data and turns it into actionable intelligence that fundraising teams need to identify, cultivate, and retain donors. In addition to offering customers the world’s largest and most up-to-date charitable giving database, the Company’s comprehensive platform offers proprietary analytics and actionable insights to help clients improve their fundraising efforts.

iWave has experienced significant growth since Sverica’s initial investment in June 2017. Under Sverica’s ownership, iWave launched multiple differentiated features to broaden its user base, accelerated investments in integrations, and expanded its team with talented executives. As a result of these efforts, iWave has received numerous accolades including G2’s top-rated fundraising intelligence solution for ten consecutive quarters, a Platinum and two Gold Titan Awards for Customer Service Strategy, a three-time Stevie winner for Customer Service, Top 50 Best Workplaces in Canada by Great Place to Work, and others.

Shea & Company, LLC served as the exclusive financial advisor, and Choate, Hall & Stewart LLP served as counsel to iWave on the transaction.

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