Renovus Capital Partners completes majority investment in Angeion Group
Oct 07, 2024•about 1 year ago
Acquiring Company
Renovus Capital Partners
Acquired Company
Angeion Group
WaynePhiladelphiaVenture CapitalLegalConsultingDescription
Renovus Capital Partners, a private equity firm based in the Philadelphia area, has acquired a majority stake in Angeion Group, LLC, a leading innovator in the class action settlement industry. The partnership aims to accelerate the buildout of Angeion's management, client service, and delivery teams, as well as to increase investment in its proprietary class action technology solutions.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed