Industry: High Tech - Products & software
Firmex acquisition by U.S.-based Datasite
Closing Date: July 23, 2021
On July 23, 2021, CapVest Partners LLP, an international private equity investor, and its portfolio company Datasite LLC ("Datasite"), completed the acquisition of Toronto-based Firmex Inc. ("Firmex"), a virtual data room and subscription file-sharing provider.
Datasite acquired 100 per cent of Firmex from its majority shareholders Vertu Capital and BDC Capital, the investment arm of the Business Development Bank of Canada. As part of the deal, Firmex’s management team and all of its 115 employees will remain in Toronto and continue to operate as a standalone platform. The deal value is confidential.
Based in Minnesota, Datasite is a SaaS-based technology provider for global mergers and acquisitions (M&A) professionals. Datasite was acquired by CapVest in 2020.
Founded in 2006, Firmex is a global provider of virtual data room and secure document sharing solutions, supporting complex processes for organizations, including diligence, compliance and litigation. Firmex serves over 4,200 companies in 110 countries, including global financial institutions, law firms and governments.
Bennett Jones LLP was Canadian transaction counsel to the purchasers CapVest and Datasite, with a team led by
Thomas Hughes (corporate),
Melanie L. Aitken,
Zee Derwa (competition),
Adam Taylor (banking),
Blake Haarstad (tax),
Giovanna Campagna (real estate),
HC Lee (IP),
Jordan Fremont (pensions),
Ruth Promislow (privacy),
Matthew Flynn (information technology),
Talia Bregman (employment).
Kirkland & Ellis LLP was U.S. counsel and U.K. antitrust and regulatory counsel to CapVest and Datasite with a team including
Carlos Gil Rivas,
Colin Zelicof (corporate),
Polina Liberman (tax),
Luci Hague (antitrust).
BDB Pitmans LLP was U.K. corporate and employment counsel to CapVest and Datasite with a team including
Tim Hayes (employment),
Oliver Pilkington (corporate),
Zoe Merrikin (real estate).