William Blair acted as exclusive financial advisor to NetDocuments, a portfolio company of Clearlake Capital Group, L.P. (Clearlake), in connection with its investment from Cove Hill Partners, L.P. (Cove Hill).
Transaction Highlights
- Unmatched industry knowledge, relationships, and experience: NetDocuments and Clearlake recognized William Blair’s extensive domain expertise, buyer relationships, and track record of advising industry-leading companies, including highly relevant transaction experience serving legal technology and vertical software companies.
- Extensive technology M&A expertise: William Blair leveraged proven leadership in current technology M&A process design to structure and manage a highly customized and tailored process for NetDocuments.
- Trusted guidance: William Blair was integrally involved throughout each step of the process and closely collaborated with the management team to create highly compelling marketing materials and refine key deliverables. The transaction team was able to successfully position and effectively communicate the growth opportunities, delivering a value-maximizing outcome.
About the Companies
NetDocuments, founded in 1999, is the legal industry’s most trusted cloud-based content services and workflow platform. Complete with state-of-the-art built-in security, compliance and governance solutions, NetDocuments offers document management, email management, and collaboration technology complete with disaster recovery, enterprise search, and matter centricity features to more than 2,500 enterprise customers worldwide.
Clearlake 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. Clearlake has managed over $8 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments.
Cove Hill is a long-term oriented private equity firm focused on partnering with outstanding management teams to build market-leading technology and consumer companies. The firm manages a long-duration fund with over $1 billion of commitments from its investors and founders. The firm was founded in 2017 by seasoned private equity investors to invest their personal capital alongside a small group of likeminded investors. Based in Boston, Cove Hill has an innovative structure that provides the flexibility to enable a patient, concentrated and value-add approach in a small portfolio of long-term investments.
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