Lumenci Expands with VSS Capital Investment
Deal News | Dec 18, 2024 | Veronis Suhler Stevenson LLC
VSS Capital Partners, a private investment firm, announced its latest platform investment in Lumenci, Inc., an intellectual property consulting firm. This investment, made in partnership with Century Equity Partners, is poised to benefit Lumenci as it looks to enhance its services and expand geographically. Headquartered in Austin, Texas, Lumenci provides intellectual property monetization and litigation support with operations spanning multiple global locations. Known for its deep technical expertise, Lumenci has successfully executed litigation strategies resulting in significant settlements and cost savings. The firm's strategic expansion is in response to growing demands within the outsourced legal services market, a sector driven by technological advancement and increased reliance on litigation finance. As a part of this investment transaction, executives from VSS will join Lumenci's board to further guide its strategic direction.
Sectors
- Intellectual Property Consulting
- Private Equity
- Legal Services
Geography
- United States – Lumenci is headquartered in Austin, Texas, with additional US offices.
- India – Lumenci operates an office in the New Delhi area, expanding its global reach.
Industry
- Intellectual Property Consulting – Lumenci operates within this industry, offering IP monetization and litigation services.
- Private Equity – VSS Capital Partners, the private equity firm investing in Lumenci, is part of this industry.
- Legal Services – Demand for Lumenci's services is part of the broader outsourced legal services industry.
Financials
- Undisclosed – The financial terms of the investment in Lumenci were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lumenci, Inc. | Target Company | Company | A full-service intellectual property consulting firm headquartered in Austin, Texas. |
| VSS Capital Partners | Investor | Company | A New York-based private investment firm focusing on healthcare, education, and business services industries. |
| Century Equity Partners | Investor | Company | A Boston-based private equity firm partnering with VSS in the investment in Lumenci. |
| Clearsight Advisors Inc. | Financial Advisor | Company | Served as the financial advisor to Lumenci in the transaction. |
| Pillsbury Winthrop Shaw Pittman LLP | Legal Advisor | Company | Provided legal counsel to Lumenci. |
| Proskauer Rose | Legal Advisor | Company | Provided legal counsel to VSS. |