Clearlake Capital completes NetDocuments investment

Clearlake Capital Group, L.P. has completed the acquisition of NetDocuments, a provider of secure cloud-based document management, the company said.

Financial terms were not disclosed.

NetDocuments is the only cloud-first and cloud-native content management solution purpose-built for the legal industry and focused on meeting customer needs around security and compliance. The company´s innovative end-to-end platform combines robust security, encryption and compliance features with easy-to-use functionality that addresses the evolving needs of today´s professionals.

William Blair & Company LLC acted as the exclusive financial advisor to NetDocuments. AB Private Credit Investors provided a fully underwritten facility to help finance the transaction and acted as lead arranger and administrative agent. Matt Duncan, CEO NetDocuments, and Alvin Tedjamulia, CTO NetDocuments, have joined the company´s board of directors alongside the Clearlake team.

Clearlake Capital Group is a 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.SM

Founded in 1999, and with offices in the US, UK, and Australia, NetDocuments is the leader in cloud-based document and email management. With hundreds of thousands of users across 140 countries, organizations enjoy the power and simplicity of NetDocuments trusted cloud platform, complete with built-in security, compliance, disaster recovery, matter centricity, enterprise search, mobility, records management, and collaboration.