KippsDeSanto & Co. Advises LeapPoint on its sale to Renovus Capital Partners
KippsDeSanto & Co. Advises LeapPoint on its sale to Renovus Capital Partners
KippsDeSanto & Co. is pleased to announce the sale of its client, LeapPoint (“LeapPoint” or the “Company”), to Renovus Capital Partners (“Renovus”).
Headquartered in Reston, VA, LeapPoint is a leading digital consulting firm that delivers cloud application solutions to drive enterprise change and unlock tangible and quantifiable value for its customers to satisfy the increasing demand for integrating cloud applications in the marketplace. The Company’s customers include Fortune 500 and blue-chip commercial customers across the finance, healthcare, and consumer goods verticals as well as select government agencies.
Leveraging intimate understanding of complex system interoperability and symbiotic partnerships with innovative technology firms, LeapPoint helps customers develop and implement formalized roadmaps to optimize enterprise efficiency and eliminate challenges associated with siloed functional areas (e.g., IT, marketing, finance, and HR) operating on myriad systems.
LeapPoint’s partnership with Renovus will enable the Company to fuel its end-to-end connected work approach for various technology implementations to become a leading provider for consolidating and connecting cloud applications across the enterprise.
We believe this transaction highlights several key trends in the digitial consulting M&A market:
- Significant market demand for highly-skilled employees and in-demand capabilities focused on technology and integrating cloud applications
- Continued demand for innovative companies that are poised to capitalize on key market growth drivers (i.e., digital acceleration, marketing technology rationalization, and hyper-personalization at scale)
- Private equity continues its appetite to deploy capital through new platform investments, particularly for companies with strong management teams / highly-skilled employees and differentiated technological capabilities in growing markets
About KippsDeSanto & Co. KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity and industry experience. We help market leaders realize their full strategic value. Having advised on over 100 industry transactions, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.
Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.
Press Release
Renovus Capital Partners Announces Strategic Acquisition of Leading Digital Consulting Firm, LeapPoint
RESTON, Va. and WAYNE, Pa., July 21, 2021 /PRNewswire/ — Renovus Capital Partners (“Renovus”), a Philadelphia-area private equity firm, announced today that it has acquired LeapPoint, LLC (“LeapPoint”), the industry-leading digital consulting firm specializing in connecting work, technology, and talent to drive unparalleled business experiences and outcomes.
Recognized by Forbes and Vault as a top consulting firm four years in a row, the acquisition follows a period of record-setting growth for LeapPoint as it continues to drive digital transformation for some of the world’s largest companies. As both an Adobe Gold partner and Workfront partner of the year, Adobe’s acquisition of Workfront maximized LeapPoint’s ability to deliver deeper and broader solutions to clients across finance, healthcare, and retail.
“During and post COVID, the importance of connected digital solutions to improve customer and employee experiences is greater than ever,” said Jesse Serventi, Founding Partner at Renovus. “LeapPoint’s innovative approach to connected digital experiences is transforming the biggest companies in the world. Under our partnership, we plan to help LeapPoint scale even faster to a larger set of enterprise clients.”
“This is an exciting and pivotal time for LeapPoint employees, clients and the customers they serve,” said LeapPoint CEO Nicholas DeBenedetto. “Renovus shares our people-first mindset and we are excited to work with them to bring rocket fuel to our end-to-end Connected Work breadth of services for Adobe, Adobe Workfront and other technology implementations. Together, we align to create a driving force and disruptor in the marketplace.”
LeapPoint’s multidisciplinary team of consultants consists of former industry practitioners across vertical markets committed to delivering a human-centered approach to unlocking how people and systems come together. The LeapPoint executive leadership team will remain unchanged and CEO Nicholas DeBenedetto will hold a seat on the Board of Directors.
KippsDeSanto & Co. served as the sell-side advisor to LeapPoint. DLA Piper served as legal counsel and Cherry Bekaert as accounting advisor to Renovus.
About LeapPoint
LeapPoint Consulting is changing the way companies connect work, technology, and talent to solve big business challenges and drive successful outcomes. Established by Big 4 alumni who sought more flexibility and agility in meeting clients’ most critical business needs, LeapPoint is committed to making life and experiences fundamentally better for employees, customers and those they serve. As the go-to Adobe and Adobe Workfront partner in financial services, healthcare and retail, LeapPoint’s break-through Connected Work™ services are the essential framework for the Future of Work. For more information, visit www.leappoint.com. To learn more about LeapPoint and its Connected Work services, download LeapPoint’s Connected Work ebook.
About Renovus
Founded in 2010, Renovus Capital Partners is a private equity firm specializing in the Knowledge and Talent industries. Renovus, based in the Philadelphia area, manages $1 Billion across several investment vehicles. The firm’s current portfolio includes over 20 U.S. based businesses specializing in educational technology and content, higher education, corporate learning and development, healthcare services and technology services. Renovus typically partners with founder led businesses, leveraging its industry expertise and access to debt and equity capital to make operational improvements, pursue tuck-in acquisitions and oversee strategic growth initiatives. More information can be found at www.renovuscapital.com
