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Byline: David Shabelman in San Francisco
Private equity firms Golden Gate Capital and Saratoga Capital Partners emerged from divine inc.'s bankruptcy auction Thursday, May 1, with the bulk of the software company's assets, according to sources involved in the bidding.
San Francisco-based Golden Gate paid roughly $23 million for divine's collaboration and customer interaction management business, teaming with Oak Investment Partners on the financing, a source said. Golden Gate on April 9 launched a $38 million "stalking horse" bid for all of divine. Westport, Conn.-based Oak invested $61 million in divine last year.
The collaboration unit includes …