Chicago & Santa Monica – December 15, 2015
Clearlake Capital Group, L.P. (“Clearlake”), in partnership with management, announced that Inventus Solutions, Inc. (“Inventus” or the “Company”), a top-tier international eDiscovery services provider to Fortune 1000 corporations, global law firms and government agencies, has entered into a definitive agreement to be acquired by RPX Corporation (NASDAQ: RPXC; “RPX”). The transaction is subject to customary closing conditions and is expected to close in January 2016.
“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 pleased to have sponsored Inventus during a period of significant transformation for both the Company and the broader industry. Inventus’ foundation as a leader in the eDiscovery market, unique international reach and stellar reputation position the Company well for its new partnership with RPX,” added Prashant Mehrotra, a partner at Clearlake.
“We are proud of our successful partnership with Clearlake, and appreciative of the strong support and resources the Clearlake team has dedicated to our business as we have pursued strategic growth, invested in leading technologies and positioned the Company, our clients and our new partners at RPX for future success,” said Trevor Campion, CEO of Inventus.
Inventus will remain headquartered in Chicago and Trevor will continue in his role as CEO of Inventus. Inventus will operate independently as a subsidiary of RPX.
Harris Williams & Co. and Lincoln International served as financial advisors to Inventus and Clearlake.
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. More information is available at www.clearlakecapital.com.
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 over 175 employees and operates in 13 cities internationally, with operational headquarters in downtown Chicago. More information is available at www.inventus.com.
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