European private equity firm Astorg has acquired Opus 2, a provider of integrated software and services for the global legal disputes market.
Opus 2 was acquired from Five Arrows Principal Investments (FAPI) and Graham Smith-Bernal, the founder of the business, the firm said.
Founded in 2008 and headquartered in London, Opus 2’s cloud-based collaboration software is designed for case preparation and multi-party hearings. Astorg’s investment, alongside reinvestments by FAPI, the founder and the current management team, will enable the company to expand in the UK and internationally.
The Opus 2 buyout is the first investment made by Astorg’s newly raised Mid-Cap fund, the firm said.
Astorg is also to acquire Corialis, a European designer and manufacturer of aluminium systems for windows and doors, from CVC Capital Partners.
Founded in 1984 and headquartered in Belgium, Corialis employs about 2,700 people across eight sites in the UK, Belgium, France, Poland, Portugal, La Reunion, Serbia and South Africa.
Corialis’ management will reinvest a significant part of their proceeds alongside Astorg.
Astorg has more than €10bn of assets under management and has offices in London, Paris, New York, Frankfurt, Milan and Luxembourg.
The two deals follows Astorg’s acquisition of UK-headquartered technology company Xceptor earlier this month.