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Litera Microsystems Has Agreed to be Acquired by HgCapital

Tuesday, May 7, 2019

Litera Microsystems Has Agreed to be  Acquired by HgCapital

William Blair acted as the exclusive financial advisor to Litera Microsystems, a portfolio company of K1 Investment Management (K1), in connection with its pending sale to HgCapital (Hg). The transaction was announced on May 7, 2019.

Transaction Highlights

  • Deep relationships and industry expertise: Litera recognized William Blair’s extensive knowledge and experience advising leading legal technology and vertical software companies, as well as strong relationships with—and unique insight into—the most aggressive and likely strategic and financial acquirers.

  • M&A process and execution excellence: William Blair designed and structured a highly competitive and robust process, leveraging its understanding of M&A dynamics to inform process and execution tactics. The transaction team worked closely with Litera and K1 throughout the entire process, culminating in an exceptional outcome for shareholders.

  • 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 to a global universe of strategic and financial buyers, delivering a value-maximizing outcome.

About the Companies

Litera Microsystems is the leading provider of software for drafting, proofreading, comparing, repairing, cleaning, and securing documents in the legal and life sciences industries worldwide. Litera’s core products empower users to generate, review, and distribute high-quality content quickly and securely, from any device. Today, Litera Microsystems supports thousands of document-intensive organizations across the globe, helping them satisfy the complex demands of clients and regulators.

K1 builds category leading enterprise software companies. As a global investment firm, K1 assists high-growth businesses achieve successful outcomes. K1 invests alongside strong management teams that continue to guide their organizations on a day-to-day basis. With over 75 professionals, K1 changes industry landscapes by executing organic and acquisition-based growth strategies.  Since inception of the firm, K1 has partnered with over 100 enterprise software companies including industry leaders such as Apttus, Buildium, Certify, Checkmarx, ChiroTouch, Chrome River, Clarizen, Granicus, IronScales, Jobvite, Onit, Rave, RFPIO, Smarsh, and WorkForce Software.

Hg is a specialist private equity investor, committed to building businesses that change the way we all do business, through deep sector specialization and dedicated operational support. Hg is a leading European investor in software and services businesses, with increasing global presence, having built a team of 170 people over 25 years. Hg partners with the businesses and management teams they invest in. Hg has 35 operational professionals providing practical support to management teams to help them realize their growth ambitions. Hg shares best-practice ‘playbooks’ and leverages their executive and portfolio networks as powerful tools for knowledge sharing across comparable businesses. Based in London, Munich, and New York, Hg has funds under management of around $13 billion serving some of the world’s leading institutional and private investors.

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