Clearlake Capital has acquired Inventus, an electronic data discovery services provider. Clearlake led the investment group, which included the Inventus management team and Cerca Group.
Inventus is a provider of electronic data discovery (EDD) services to law firms, large corporations, and government agencies. The company, founded in 1991, will remain headquartered in Chicago and Trevor Campion will continue as the company’s Chief Executive Officer (www.inventus.com).
“Clearlake and Cerca Group share our vision for accelerating growth by capitalizing on what we believe is a very robust market opportunity,” said Mr. 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 e-discovery needs of our customers.”
Clearlake invests in special situations such as corporate divestitures, recapitalizations, buyouts, restructurings, turnarounds and minority equity investments. Sectors of interest include business services; communication; consumer products and retail; defense and public safety; energy and power; healthcare; industrials; media; and technology. Clearlake was founded in 2006 and is headquartered in New York (www.clearlakecapital.com).
“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 in a released statement. “The company’s clear leadership position in the electronic data discovery 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.”
Cerca Group invests in business services, software, and communications sectors. The firm is based in New York (www.cercagroup.com).
“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 advised Inventus on this transaction. VRA Partners is based in Atlanta and provides M&A services to middle-market companies and private equity firms www.vrapartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-20-13
