M&A Deal Summary

RPX Acquires Inventus Solutions

On December 15, 2015, RPX acquired information technology company Inventus Solutions from Iron Creek Partners, Quabbin Capital and Clearlake Capital for 232M USD

Acquisition Highlights
  • This is RPX’s 1st transaction in the Information Technology sector.
  • This is RPX’s largest (disclosed) transaction.
  • This is RPX’s 3rd transaction in the United States.
  • This is RPX’s 1st transaction in Illinois.

M&A Deal Summary

Date 2015-12-15
Target Inventus Solutions
Sector Information Technology
Buyer(s) RPX
Sellers(s) Iron Creek Partners
Quabbin Capital
Clearlake Capital
Deal Type Add-on Acquisition
Deal Value 232M USD
Advisor(s) Harris Williams & Co.
Lincoln International (Financial)

Target

Inventus Solutions

Chicago, Illinois, United States
website
Inventus Solutions, Inc. is a provider of eDiscovery and litigation support services focused on streamlining data processing and review via a suite of bundled, best-of-breed technologies.

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Buyer(S) 1

Buyer

RPX

San Francisco, California, United States

website


Category Company
Founded 2008
Sector Business Services
Employees300
Revenue 292M USD (2015)
DESCRIPTION

RPX is a provider of patent risk management solutions, serving clients in the technology, media, financial services and automotive sectors. RPX provides an innovative subscription based service that lowers the cost of IP related litigation for its member clients, which include the largest and most important companies in the technology sector. RPX was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2015) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-28 Rockstar Consortium Patent Assets

United States

Rockstar Consortium Patent Assets comprises technology patents.

Buy -

Seller(S) 3

DESCRIPTION

Iron Creek Partners is a private investment partnership focused on partnering with management teams to pursue divestitures, fundless sponsor acquisitions, and select public market investments. Iron Creek Partners was formed in 2009 and is headquartered in Santa Fe, New Mexico.


DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 4
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 CAI

Smithfield, Rhode Island, United States

CAI is a provider of specialized enterprise resource planning (ERP) software with industry expertise in several industry sectors, including seafood and other food processing and distribution, lumber and building materials, precious metal refining, and jewelry manufacturing. CAI was founded in 1977 and is based in Smithfield, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 SAMBASafety

Denver, Colorado, United States

SAMBASafety is a provider of Driver Risk Management (DRM) services and Motor Vehicle Records (MVRs) to every industry across the United States. SambaSafety’s innovative Software as a Service (SaaS) solutions provide driver risk technology and information to employers, insurance, background screeners and fleet management companies. This enables companies with commercial and non-commercial fleets to easily identify and address unsafe driving behavior and take the appropriate actions necessary to maintain the safety of drivers, passengers and the communities in which they live and work. Additionally, SambaSafety solutions provide the insights insurance carriers need to accurately price risk throughout the policy lifecycle. SAMBASafety was founded in 1998 and is based in Denver, Colorado.

Sell -
SELLER

Quabbin Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor

website


Category Asset Manager
Founded 1974
Size Small
Type Sector Agnostic
DESCRIPTION

Quabbin Capital is private investment group focused on alternative asset investments in the US and abroad. Quabbin looks for opportunities in private equity, mezzanine loans, venture capital, energy, real estate, and hedge funds. Within private equity, Quabbin pursues equity and junior capital investments in established, profitable manufacturing or business service companies with revenues of $10 to $50 million. Quabbin Capital was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 7
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Illinois) 1 of 1
Country (United States) 4 of 7
Year (2015) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-26 Library Systems & Services

Riverside, California, United States

Library Systems & Services LLC is a provider of outsourced library management services to municipalities in the United States. The company provides comprehensive, turnkey management services. Library Systems & Services was founded in 1981 and is based in Riverside, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 SouthWaste Disposal

Houston, Texas, United States

SouthWaste Disposal is a provider of non-hazardous liquid waste collection, processing and disposal services. SouthWaste Disposal provides grease trap and commercial septic waste collection, cleaning, and maintenance services for over 4,600 customers across its footprint of five permitted processing and disposal facilities in Texas and Florida. SouthWaste Disposal was founded in 2005 and is based in Houston, Texas.

Sell -
SELLER

Clearlake Capital

Santa Monica, California, United States

website


Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 6 of 34
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 4 of 14
State (Illinois) 1 of 1
Country (United States) 6 of 32
Year (2015) 3 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-18 Precisely

Burlington, Massachusetts, United States

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-14 Diligent

New York, New York, United States

Diligent is a provider of cloud-based corporate governance and collaboration solutions for boards and senior executives. Diligent’s multi-tenant SaaS platform provides directors with a single application to securely and reliably access, edit and share materials while satisfying security and compliance requirements. Diligent was launched in 2007 and is headquartered in New York.

Buy $624M