Lecorpio

The Deal

Bought By

Jay Madsen

Year

2012

Vehicle

Accretia Capital, backed by Endurance Search Partners and Search Fund Partners

Kind

Software

A software company whose products automate intellectual property management for corporate legal departments.

What Happened Next

Merged with Anaqua, whose release of July 25, 2017 says he stepped down as chief executive and Anaqua's chief executive would lead the combined business; the index host dates its own exit to 2017. One backer names him as exited chief executive beside the fund.

The searchers held it 5 years, from 2012 to 2017.

Bought at exit by Anaqua, whose page carries that firm's own announcement of it.

Backed by the Same Firms

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.

• Endurance Search Partners' own account, The backer's partners page, which names the searcher beside the company and the fund. endurancesearchpartners.com
• Endurance Search Partners' own account, The backer's investments list, which carries the company and its own year. endurancesearchpartners.com
• Search Fund Partners' own account searchfunds.net
• A third party's record of the deal nclpartners.com
• A third party's record of the deal venturebeat.com
• The acquirer's announcement anaqua.com

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. One backer names him as exited chief executive beside the fund on its partners page; the index host carries its own 2012 investment and 2017 exit and names nobody. No party at the bar says he bought it; a news site's 2014 report does, which dates the row and cannot pair it.