Lowenstein Sandler represented Catalyst Investors, a New York-based growth equity firm focused on investing in seed-stage, early-stage and later-stage technology and software companies, and its portfolio company Datavail Corp. in its acquisition by CIVC Partners, L.P., a Chicago-based middle market private equity firm focused on investments in the business services sector.
Datavail is a leading data managed services provider, offering database management, data and analytics services, and application implementation, development, and support services. Datavail was founded in 2008 as a carve-out of the managed database services division of Stratavia, a provider of database and data center automation software. Since then, through a series of acquisitions and under the leadership of CEO Scott Frock, Datavail has become a full-service managed services provider helping mid-market, enterprise and SMB clients effectively manage their data and applications both in the cloud and in on-prem environments.
The partnership with Datavail builds on CIVC’s extensive investment experience in the IT services industry, including investments in Computer Aided Technology, iVision, KeyData, Allata and Industrial Networking Solutions.
Lowenstein previously represented Catalyst as lead investor in the Series B fund raise for Breezeway and in the acquisition of Catalyst’s portfolio company Clinicient by WebPT.
The Lowenstein deal team included Michael A. Brosse, Brianna M. Ferrante, Zarema A. Jaramillo, Eric Jesse, Rachel Maimin, Megan Monson, Michael Walutes, Taryn E. Cannataro, Manali Joglekar, Brianne L. Polito, Stephen Tanico, Sydney J. Kaplan, Yarissa Subervi, and Nicola E. Perzichilli.
