Investment Summary

JLL Partners Invests In Breakwater

On February 16, 2021, private equity firm JLL Partners invested in software company Breakwater

Investment Highlights
  • This is JLL Partners’ 1st transaction in the Software sector.
  • This is JLL Partners’ 35th transaction in the United States.
  • This is JLL Partners’ 8th transaction in Texas.
Investment Fate
  • Breakwater was sold to a strategic buyer in 2023.

Investment Summary

Date 2021-02-16
Target Breakwater
Sector Software
Investor(s) JLL Partners
Deal Type Growth Capital

Target

Breakwater

Austin, Texas, United States
Breakwater helps enterprises mitigate risk and gain insight from sprawling information by combining technology automation and human expertise. The company empowers governance, legal, and risk professionals to locate, access, analyze, and manage information by making data transparent and actionable. Its solutions are comprised of expert consulting, AI-infused technology, and ongoing managed services, all of which directly address the myriad challenges within information governance, disputes and investigations, regulatory compliance, privacy, and cybersecurity. Breakwater was founded in 2020 and is based in Austin, Texas.

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Investor(S) 1

Investor

JLL Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 37 of 40
Sector (Software) 1 of 1
Type (Growth Capital) 4 of 5
State (Texas) 8 of 8
Country (United States) 35 of 38
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Jonathan Engineered Solutions

Irvine, California, United States

Jonathan Engineered Solutions is a designer and manufacturer of customized steel and aluminum slides utilized in commercial and industrial applications, including the mounting of computer servers and storage systems, defense industry applications, and a variety of consumer product applications. Jonathan Engineered Solutions was founded in 1977 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 Xact Data Discovery

Mission, Kansas, United States

Xact Data Discovery is a provider of eDiscovery, data management, and managed review services for law firms and corporations. XDD helps clients optimize their eDiscovery matters by orchestrating pristine communication between people, processes, technology, and data. The company services include forensics, eDiscovery processing, Relativity hosting, and managed review. XDD has 16 offices throughout the United States and two locations in India. It offers exceptional customer service with a commitment to responsive, transparent, and timely communication to ensure clients remain informed throughout the entire discovery life cycle. Xact Data Discovery was founded in 1994 and is based in Mission, Kansas.

Sell -