Private Equity Firm CapVest to Buy Virtual Dataroom Datasite

Private equity firm CapVest Partners has agreed to acquire virtual data room operator Datasite.

Minneapolis-based Datasite provides software for merger-and-acquisition dealmakers to market and prepare deals. Its applications also allow users from both the sell-side and buy-side in a transaction to perform due diligence and review confidential data.

Terms of the Datasite transaction weren’t disclosed in a statement Monday.

Global M&A volume fell to $2.6 trillion this year from $3.8 trillion a year ago as travel restrictions during the coronavirus pandemic raised hurdles to dealmaking, according to data compiled by Bloomberg.

Datasite’s revenue increased more than 30% in 2019 ...