Lincoln International advises Inventus Solutions, a Clearlake Capital portfolio company, in announced sale to RPX Corporation
Lincoln International (“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.
Inventus is an international discovery management practice focused on helping clients reduce the costs and risks associated with the discovery process through the effective use of leading technology solutions. Since 1991, Inventus has been providing litigation support services to corporate legal departments, law firms and government agencies. Inventus currently has approximately 175 employees and operates in 13 offices internationally, with operational headquarters in downtown Chicago. For more information, please visit www.inventus.com.
Clearlake Capital Group, L.P. is a private investment firm with a sector-focused approach. The firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational and strategic expertise. The firm’s core target sectors include technology, communications and business services; industrials, energy and power; and consumer products and services. Clearlake currently has over $3.2 billion of assets under management. For more information, please visit www.clearlakecapital.com.
About Lincoln InternationalLincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
More information about Lincoln International can be obtained at www.lincolninternational.com