Private equity firm Astorg has agreed to acquire Opus 2, a provider of integrated software and services for the global legal disputes market, via its newly launched Mid-Cap fund. Opus was acquired from Five Arrows Principal Investments and Graham Smith-Bernal, the founder of the business.
Martin Coen, CEO of Opus 2, said, “We are very excited about Astorg investing in Opus 2 and look forward to working closely with their team as we continue to grow the business. We remain fully committed to maintaining excellence in customer service and innovation as we scale to meet increasing demand for our legal technology and services enabling digitally connected practice. Astorg understands this mission and are the perfect partner to help us continue to build the business in the coming years.”
Lionel de Posson, managing partner of Astorg Mid-Cap, added, “We are thrilled to partner with Martin and the team to support Opus 2’s further expansion. Beyond its outstanding business potential, we are also glad to back a legal technology company with a positive societal impact, facilitating easier access to justice through its virtual hearing capabilities, as well as ‘greener’ arbitration and litigation cases.”
Sacha Oshry, managing director at Five Arrows Principal Investments, commented, “Opus 2 is a highly differentiated business with an outstanding reputation. Over the past few years, the business has grown significantly, invested in new products and talent and has broadened and deepened its relationships with law firms globally. It has been a privilege to partner with Graham and the management team. We believe that the business is well-positioned for continued success and we are excited to be continuing our journey with Opus 2 alongside the other shareholders.”
Harris Williams is serving as financial advisor to Opus 2.