Five Arrows acquires minority stake in Opus 2

The firm is currently investing from its second fund, which closed on €775m in October 2015, less than a year after launch. FAPI II writes €20-70m tickets for European mid-market companies valued in the €50-500m range.

In recent years, the company has undertaken an international expansion strategy, making its platforms and hearing-room services available across Europe, the Middle East and Asia. According to a statement, Opus 2 has generated double-digit revenue growth in each year since its inception, with 65% compounded top-line growth over the past eight years.

A spokesperson for Five Arrows declined to comment on the transaction value. However, a source close to the situation told unquote" that the £60-80m valuation range previously reported elsewhere is inaccurate.

Company
Founded in 2008 and headquartered in London, Opus 2 develops legal software for use during the litigation and arbitration processes. Its products are designed to bolster the move towards paperless trials and hearings in the legal industry.

The business has a headcount of 150, across offices in London, Edinburgh, San Francisco, New York and Singapore. It generated a turnover of £11.8m in the year ending March 2016, according to publicly available documents, with an operating profit of £3.1m.

People
Five Arrows Principal Investments – Javed Khan (co-managing partner).
Opus 2 – Graham Smith (founder, CEO).

Advisers
Company – Vista Point Advisors (corporate finance).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Rothschild