VRA Partners Advises Bellefield Systems on its Sale to Aderant Holdings
VRA Partners, LLC is pleased to announce the sale of Bellefield Systems, LLC ("Bellefield" or the "Company") to Aderant Holdings, Inc. ("Aderant"). VRA Partners acted as the exclusive financial advisor to Bellefield. Terms of the transaction were not disclosed.
Founded in 2012 and headquartered in Pittsburgh, Pennsylvania, Bellefield is a leading provider of time entry and billing compliance SaaS applications. Through its cloud-based, easy-to-use products, Bellefield revolutionized the full timekeeping process, enabling law firms and professional service firms to recover more billable time and grow revenue. The Company's product portfolio includes iTimekeep, the number one mobile timekeeping solution in the legal industry, and OCG Live™, which enforces Outside Counsel Guidelines ("OCG") compliance at point of time entry. With Bellefield's SaaS application, a law firm can be up and running within hours and achieve an ROI in the first month of using the solution.
Aderant, headquartered in Atlanta, Georgia, is a global industry leader in providing comprehensive business management software for law firms and other professional services organizations. Aderant operates as a unit of Roper Technologies, a constituent of the S&P 500 ®, Fortune 1000 ® and the Russell 1000 ® indices.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to leading middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have transaction experience across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.
We relied on VRA's deep understanding of the sell-side M&A process to help us sift through an overwhelming number of interested parties and ultimately find the right buyer that met our personal and business's objectives.
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Chris Reilly, Managing Director