HMT LLP advised NVM Private Equity on their £3.1 million investment in Clarilis Limited, a technology business providing drafting automation solutions to the legal industry.
Based in Birmingham, Clarilis provides a software solution designed by lawyers for lawyers, that enables their clients to quickly and easily capture legal firm or legal department best drafting techniques and extend them consistently across the entire practice.
The Clarilis platform is totally attuned to the specific needs of the legal profession, and ensures that firms and in-house legal departments draft consistently high-quality documentation and thereby create time for solicitors to focus on what they do best – providing bespoke advice to clients and handling non-standard aspects of transactions.
The investment from NVM will help Clarilis to continue on its growth strategy, with the funding enabling the team to accelerate their strategic initiatives and capitalise on the strong market demand they are experiencing.
Tim Levett of NVM joined the Clarilis Board.
HMT undertook financial due diligence on this transaction.
Tim Levett, Partner at NVM commented:
“We would like to thank HMT for their expert commercial advice on this transaction. The HMT team quickly gained a detailed understanding of Clarisis’ business and once again provided a highly professional report in a timely manner to ensure a successful outcome for all parties.”
Paul Read commented:
“We are delighted to have advised NVM on yet another transaction this year. We wish Clarilis and NVM all the best for the future and we look forward to working with them again soon.”