Bain Capital pays $230M for stake in Portland tech firm

Bain Capital pays $230M for stake in Portland tech firm

The Boston-based financial firm purchased the equity stakes of two investors in Viewpoint Construction Software.

Bain is acquiring the equity stakes of Viewpoint’s two original outside investors,Updata Partners and TA Associates. Combined, Updata and TA Associates invested $86 million in the company in 2010 and 2012, fueling a streak of acquisitions that fueled growth and drove revenue from $19 million in 2009 to “more than” $140 million in 2014.

The Bain deal, slated to close later this week, positions Viewpoint to accelerate growth and is one of the country’s largest venture deals to date for 2014.

Read more at Portland Business Journal