VRA Advises Modus on its Sale to Repario
VRA is pleased to announce that Modus eDiscovery Inc. ("Modus" or the "Company"), a portfolio company of Azalea Capital ("Azalea"), has completed a strategic sale to Repario, a portfolio company of JLL Partners ("JLL"). VRA acted as the exclusive financial advisor to Modus. Terms of the transaction were not disclosed.
Modus is a leading electronic discovery ("eDiscovery"), data governance and digital forensics company serving law firms, corporations and government entities in their litigation support needs. Modus' leading technology and security approach allowed it to achieve FedRAMP authorization and provide customers with service delivery at the highest industry standards.
"VRA's guidance was critical to navigating various components of the sale process for both the Company and the ownership group. Their experience in the legal services industry was valuable in helping articulate Modus' unique business model and differentiation to the market. They did a great job of advising the Modus team during each stage of the transaction," said Ben Wallace, Partner at Azalea Capital.
Repario, a new eDiscovery and digital forensics company, has integrated four eDiscovery service providers, Teris, Modus, Elijah, and Meta-e, to scale their dedicated levels of client service. Repario's experienced professionals possess the expertise and knowledge to handle every aspect of eDiscovery, from data collection and processing to document review and production. Utilizing the latest technology and tools, Repario ensures that all data is processed quickly and accurately while state-of-the-art security measures protect sensitive information.
"The Modus team, backed by Azalea, developed a differentiated, scalable offering which, in combination with the Company's customer service focused culture, was delivering results to a strong base of repeat customers. The Repario team and platform was a perfect fit to assist the Company in expanding these competencies and to further grow the business. We are excited to see what they will accomplish in partnership together," said VRA Managing Director, Brock Matthias.
guidance was critical to navigating various components of the sale process for
both the Company and the ownership group. Their experience in the legal
services industry was valuable in helping articulate Modus' unique business
model and differentiation to the market.
They did a great job of advising the Modus team during each stage of the
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Chris Reilly, Director - Originations