Aquiline-Managed Fund to Acquire Xact Data Discovery from JLL Partners
April 20, 2021
JLL Partners has signed a definitive agreement to sell Xact Data Discovery (Xact), a provider of eDiscovery, data management and managed review services, to an investment fund managed by Aquiline Capital Partners. Aquiline and investment funds managed by Stone Point intend to combine Xact with Consilio following close; closing was expected in May 2021 and is subject to customary conditions.
- Buyers
- Investment fund managed by Aquiline Capital Partners LLC, Investment funds managed by Stone Point Capital LLC (partnering to combine Xact with Consilio)
- Targets
- Xact Data Discovery
- Sellers
- JLL Partners
- Industry
- Legal Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Stone Point Acquires Consilio from GI Partners
April 20, 2021
Legal Services
GI Partners has signed a definitive agreement to sell Consilio, a global eDiscovery and legal consulting services provider, to investment funds managed by Stone Point Capital. Closing was expected in May 2021; Stone Point and Aquiline (which is acquiring Xact Data Discovery) intend to combine the Consilio and XDD businesses to create a larger global eDiscovery platform.
-
Aquiline Capital Partners Takes Majority Stake in SurePoint Technologies
June 2, 2021
Cloud & SaaS
Aquiline Capital Partners has acquired a majority stake in SurePoint Technologies, a cloud provider of practice management and financial software for law firms. Existing investor ParkerGale Capital rolled a portion of its equity and will remain a minority owner; the investment is intended to accelerate product development and platform capabilities for law firm clients.
-
Stone Point Capital and GIC to Acquire Ascensus from Genstar, Aquiline and Atlas Merchant Capital
April 26, 2021
Financial Services
Funds managed by Stone Point Capital and GIC have agreed to acquire Ascensus from a private-equity group led by Genstar Capital, Aquiline Capital Partners, and Atlas Merchant Capital. Genstar and Aquiline will retain minority stakes; the transaction is expected to close in Q3 2021 pending regulatory approvals and customary conditions.
-
Aquiline Capital Partners Acquires Majority Stake in Quicken Inc.
October 4, 2021
Software
Aquiline Capital Partners has acquired a majority stake in Quicken Inc. from an affiliate of H.I.G. Capital. Quicken's management, including CEO Eric Dunn, will retain equity and the company will continue operating from its Menlo Park headquarters while partnering with Aquiline to invest in its personal financial management software and digital offerings.
-
Xact Data Discovery Acquires Lexolution
April 20, 2021
Professional Services
Xact Data Discovery (XDD) acquired Lexolution, a New York–based legal staffing and managed review services provider, to expand XDD's managed review and legal staffing capabilities. Lexolution will operate under the XDD brand and augment XDD's remote and onsite managed review footprint across major U.S. markets.
-
Aquiline Capital Partners Acquires Majority Stake in Ontellus
January 6, 2020
Healthcare Services
Aquiline Capital Partners has completed an investment in Ontellus, acquiring a majority ownership stake and investing alongside existing investor The CapStreet Group and management to provide capital for growth. Ontellus, a Houston-based provider of tech-enabled medical and claims records retrieval for insurers and law firms, will use the investment to expand its records retrieval capabilities; financial terms were not disclosed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.