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NetDocuments Has Agreed to be Acquired by Clearlake Capital Group

Monday, March 6, 2017

NetDocument has agreed to be acquired by Clearlake Capital

William Blair acted as the exclusive financial advisor to NetDocuments, a portfolio company of Frontier Capital, in connection with its pending sale to affiliates of Clearlake Capital Group. The transaction was signed on March 1, 2017, and will close upon regulatory approval. William Blair has successfully advised on 17 software M&A transactions with a cumulative value of over $7 billion in the last 12 months.

Transaction Highlights

  • Deep relationships and domain expertise: Frontier and NetDocuments were attracted to William Blair’s extensive knowledge and industry experience advising leading SaaS and vertical software companies, as well as strong relationships with—and unique insight into—the most aggressive and likely financial and strategic acquirers.
  • Process and execution excellence: William Blair designed and managed an extremely competitive, highly efficient custom process with a targeted group of financial and strategic acquirers. Successfully positioning NetDocuments as a mission-critical asset, William Blair produced a strong competitive dynamic, ultimately facilitating a tremendous outcome with a premium valuation and exceptional terms for NetDocument’s shareholders.
  • Instrumental guidance and counsel: William Blair’s transaction team was integrally involved throughout each step of the transaction process, including close collaboration with NetDocuments in developing marketing materials and key analyses, coordinating due diligence with multiple parties, and negotiating exceptional contract terms.

About the Companies

Founded in 1999, and with offices in the United States, United Kingdom, and Australia, NetDocuments is the leader in cloud-based document and email management. With hundreds of thousands of users across 140 countries, organizations enjoy the power and simplicity of NetDocument’s trusted cloud platform, complete with built-in security, compliance, disaster recovery, matter centricity, enterprise search, mobility, records management, and collaboration.

Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. The firm makes minority and majority equity investments in high growth companies and has built an excellent track record of delivering returns to both investors and management partners.

Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. 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 improvement approach, O.P.S. The firm’s core target sectors are software and technology-enabled services; industrials and energy; and consumer.

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