RPX inks $232 mln buy of Inventus Solutions

RPX Corp. has agreed to buy Inventus Solutions Inc., a Clearlake Capital Group portfolio company, for $232 million cash. Chicago-based Inventus provides eDiscovery services to Fortune 1000 legal departments, global law firms and government agencies. Lincoln International LLC advised Clearlake/Inventus.

PRESS RELEASE

Lincoln International advises Inventus Solutions, a Clearlake Capital portfolio company, in announced sale to RPX Corporation
NEW YORK, NY – Lincoln International LLC (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Inventus Solutions, Inc. (“Inventus” or the “Company”), a portfolio company of Clearlake Capital Group, L.P. (“Clearlake”), has entered into a definitive agreement to be acquired by RPX Corporation (NASDAQ:RPXC, “RPX”), the leading provider of patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence, insurance services and advisory services, for $232 million in cash, subject to customary adjustments. The transaction is subject to customary closing conditions and is expected to close in January 2016.

Inventus is a top-tier international eDiscovery services provider to Fortune 1000 legal departments, top global law firms, and government agencies operating in multiple jurisdictions across the globe. Inventus currently has approximately 175 employees and operates in 13 offices internationally, with domestic headquarters in Chicago, Illinois and international headquarters in London, United Kingdom.

“Our thesis was to partner with management and execute on a buy and build platform strategy to lead consolidation in the eDiscovery market. This transaction reflects Clearlake’s success with this investment strategy and represents an exceptional investment for both the Company and Clearlake,” said Behdad Eghbali, a founding partner at Clearlake. “We are also pleased to have partnered with the Lincoln team given their tremendous track record, Scott Twibell’s strong knowledge of the industry and the thoughtful approach and guidance they provided throughout the process.”

Lincoln acted as financial advisor to Clearlake and Inventus in this transaction, working closely with Inventus’ senior management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

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