Clearlake Capital Group has acquired Inventus. Financial terms were not announced. Clearlake led the investor group which included the Inventus management team and Cerca Group. Chicago-based Inventus provides electronic data discovery services to global law firms. VRA Partners advised the sellers.
Santa Monica, CA, and Chicago, IL – June 20, 2013 – Clearlake Capital Group, L.P. (“Clearlake”) and Inventus, LLC (“Inventus” or the “Company”) today announced that Clearlake has acquired Inventus, a leading electronic data discovery (“EDD”) solutions provider to global law firms, Fortune 1000 corporations, and government agencies. Clearlake led the investment group, which included the Inventus management team and Cerca Group LLC (“Cerca Group”), a private investment firm based in New York City. Terms of the transaction were not disclosed.
“We are excited to partner with Inventus at this important time in the Company’s growth trajectory,” said Behdad Eghbali and Prashant Mehrotra of Clearlake. “The Company’s clear leadership position in the EDD market makes it an excellent platform to lead consolidation in the industry. We look forward to working closely with Inventus and to investing significant capital to build out a global platform that continues to deliver best in class solutions to our clients.”
Inventus is a leading national provider of end-to-end EDD services and solutions, offering efficient, customized workflows and best-of-breed technology to meet the specific needs of each of its clients. The Company has built an exceptional reputation in the EDD industry for providing outstanding customer service and employing advanced data minimization techniques to optimize review processes, all while reducing the cost of ediscovery for clients. Inventus will remain headquartered in Chicago and Trevor Campion will continue to lead the company as its Chief Executive Officer.
“Clearlake and Cerca Group share our vision for accelerating growth by capitalizing on what we believe is a very robust market opportunity,” said Campion. “Both firms have distinguished track records of creating value through growth and acquisitions within their portfolio companies. Together, I am confident that we will continue to advance Inventus’ successful track record of delivering leading technology solutions and to meet the unique ediscovery needs of our customers.”
“We have significant experience in the technology and litigation support industries and understand and appreciate the value that Inventus has delivered for customers under CEO Trevor Campion’s leadership,” said John Bingaman, Managing Principal of Cerca Group. “As a result, we are very excited to partner with both Clearlake and the Inventus management team as they continue the Company’s long history of providing best-in-class service to customers and innovation and thought leadership to the EDD industry.”
VRA Partners, LLC advised the sellers in the transaction.
Inventus is a leading national provider of eDiscovery and litigation support services focused on streamlining data processing and review via a suite of bundled, best-of-breed technologies. Inventus’s customers include AmLaw 100 law firms and Fortune 500 companies. Headquartered in Chicago, Illinois, Inventus has been providing services to law firms and corporate clients since 1991.
About Clearlake Capital Group
Clearlake Capital Group, L.P. is a private investment firm focused on special situations and private equity investments such as corporate divestitures, recapitalizations, buyouts, reorganizations, turnarounds and other equity investments. Clearlake seeks to partner with world-class management teams by providing patient, long-term capital and operational expertise to invest in dynamic businesses. Clearlake currently manages approximately $1.4 billion of equity capital, and Clearlake’s founding principals have led over 50 investments totaling more than $3 billion of capital in sectors including business services and software, communication, consumer products/retail, defense/public safety, energy/power, healthcare, industrials, media, and technology. For more information, please visit www.clearlakecapital.com.
About Cerca Group
Cerca Group (www.cercagroup.com) is a sector-focused, stage-independent private investment firm based in New York City, seeking attractive investment opportunities primarily in the business services, software, and communications sectors. Cerca Group seeks to partner with strong management teams and to add value to their efforts by leveraging its network of relationships and its sector experience.