M&A Deal Summary

RPX Acquires Inventus Solutions

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

Acquisition Highlights
  • This is RPX’s 1st transaction in the Information Technology sector.
  • This is RPX’s 1st 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, Inc.
Sector Information Technology
Buyer(s) RPX Corp.
Sellers(s) Quabbin Capital, Inc.
Iron Creek Partners
Clearlake Capital Group
Deal Type Add-on Acquisition
Deal Value 232M USD
Advisor(s) Harris Williams & Co.
Lincoln International (Financial)

Target

Inventus Solutions, Inc.

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 Corp.

San Francisco, California, United States

website


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

RPX Corp. is a provider of patent risk and discovery management solutions. Since its founding in 2008, RPX has introduced efficiency to the patent market by providing a rational alternative to litigation. The San Francisco-based company’s pioneering approach combines principal capital, deep patent expertise, and client contributions to generate enhanced patent buying power. By acquiring patents and patent rights, RPX helps to mitigate and manage patent risk for its growing client network.


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

SELLER

Quabbin Capital, Inc.

Boston, Massachusetts, United States

Investor Investor Investor Investor

website


Category Asset Manager
Founded 1974
SizeSmall
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 4
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 LLC

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
2016-06-01 The ADS Group

Plymouth, Minnesota, United States

The ADS Group is a provider of outsourced CD-ROM manufacturing, diskette duplication and related fulfillment services. These services include, CD mastering, replication, pre-press design, printing, packaging, distribution and fulfillment services; and diskette duplication and fulfillment services. ADS specializes in servicing software professionals who require short lead times and maximum flexibility from their service providers. CD-ROM disks are used for data, software, games and promotional applications. The ADS Group was founded in 1989 and is based in Plymouth, Minnesota.

Sell -
SELLER

Iron Creek Partners

Investor

website


Category Private Equity Firm
Founded 2009
SizeSmall
Type Sector Agnostic
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 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 CAI Software LLC

Smithfield, Rhode Island, United States

CAI Software LLC 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 Software was founded in 1977 and is based in Smithfield, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 Safety Holdings, Inc.

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

Clearlake Capital Group

Santa Monica, California, United States

website


Category Private Equity Firm
Founded 2006
PE ASSETS 25.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

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


DEAL STATS #
Overall 6 of 26
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 4 of 11
State (Illinois) 1 of 1
Country (United States) 6 of 24
Year (2015) 3 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-18 Syncsort, Inc.

Woodcliff Lake, New Jersey, United States

Syncsort, Inc. is a provider of enterprise software for data management and data protection. Syncsort, Inc. was established in 1968 and is headquartered in Woodcliff Lake, New Jersey.

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

New York, New York, United States

Diligent is a provider of secure corporate governance and collaboration solutions for boards and senior executives. Clients rely on Diligent for secure distribution of board materials to secure messaging, integrated compliance, board evaluation and entity management. Governance Cloud is the only solution that meets the evolving governance needs of leading organizations.

Buy $624M