Sidley Austin LLP advised Clearlake Capital Group on the deal, while Kirkland & Ellis advised Warburg Pincus.
NetDocuments, the leading secure cloud-based content services and productivity platform for law firms, corporate legal teams, and compliance departments, announced it has entered into a definitive agreement to receive a significant investment from Warburg Pincus, a leading global growth investor, along with existing investor Cove Hill Partners, L.P. (“Cove Hill”). Warburg Pincus is acquiring Clearlake Capital Group, L.P.’s (“Clearlake”) interest in NetDocuments.
Warburg Pincus’ investment alongside Cove Hill will support the Company’s continued rapid growth and innovation. Terms of the transaction were not disclosed.
William Blair & Company LLC acted as the exclusive financial advisor to NetDocuments.
The Sidley team was led by Mehdi Khodadad (Picture) and Nicolai Schwarz-Gondek.
Kirkland & Ellis advised Warburg Pincus with a team led by corporate partners Jai Agrawal and Kim Hicks and associate Kurt Lyn.