Clearlake Capital’s Investment in Appriss

Willkie advised Appriss and Insight Partners on the transaction

Clearlake Capital Group, L.P. will make a significant new equity investment in Appriss Holdings, Inc. to further support Appriss’s rapid growth and expansion into new markets. With the investment, Clearlake will become an equal partner in Appriss alongside management and Insight Partners, which invested in Appriss in 2014.

Since its founding in 1993, Appriss has focused on leveraging unique data and analytics to tackle issues related to crime, fraud and addiction. With thousands of customers spanning federal, state and local governments, health systems and retailers, Appriss supports users in over 40 countries.

The transaction is expected to close in the second quarter of 2019. Golub Capital, Antares Capital and Bain Capital Credit provided fully committed financing for the transaction. William Blair and Jefferies served as co-financial advisers to Appriss and Insight Partners. Macquarie Capital and UBS Investment Bank served as financial advisers to Clearlake.

The Willkie team was led by partners Morgan Elwyn (Picture) and Ziyad Aziz.

Involved fees earner: Ziyad Aziz – Willkie Farr & Gallagher; Morgan Elwyn – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Appriss Inc. ; Insight Venture Partners;

Author: Ambrogio Visconti