Specialty finance firm Wellington Financial LP today announced that Wellington Financial Fund II portfolio company Longview Solutions Inc. of Toronto has been acquired by Exact Software of Delft, the Netherlands.

Exact announced on September 17 that it had agreed to acquire Longview for approximately US$51.5 million. Wellington Financial says the now completed transaction strengthens Exact’s business empowerment software portfolio by addin Longview’s powerful corporate performance management software.

Wellington Financial says it provided Longview with $3.5 million of true growth capital on Dec, 7, 2005.

Since Wellington Financial Fund III began operation in September 2006, Wellington Financial LP has led more than $100 million of transactions, making it the most active fund of its kind in Canada.

Wellington Financial LP is a privately held specialty finance firm providing operating lines of credit, term, venture and amortizing loans up to $40 million. Wellington Financial LP is currently deploying a $400 million investment program via its third fund.

Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc.