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First portfolio sale completed on excellent terms

Published on
22/6/2022
Amended on
26/3/2024
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TheApax teams successfully complete the carve-out of MyCase, a company spun off from AppFolio, by contributing their sectorial and legal expertise. In less than 2 years, a new management team was put in place, the commercial strategy was reviewed and 4 companies were integrated.
By
Damien Hélène
Damien Hélène
This article has been automatically translated. Please excuse any inaccuracies or translation errors.

After completing the carve-out(* ) of the company (formerly a division of the AppFolio group), the teams fromApax teams successfully implemented an ambitious value creation plan, drawing on their experience in the software and legal sectors as well as their carve-out expertise: in less than two years, a highly experienced management team was put in place, the marketing strategy was completely rethought and four companies were successfully integrated, enabling MyCase to establish itself as a benchmark player in its field. Its software is regularly ranked among the top 1,000 worldwide!

AffiniPay's acquisition of MyCase creates one of the world's leading providers of software solutions for the legal profession, with sales in excess of $200 million.

(*) Carve-out: This is the sale of a branch of activity by a group of companies. The purpose of a carve-out may be strategic (to refocus the company on its core business) or financial (to raise cash).

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