Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in the Legal Services & Information Solutions Practice. Clearsight served as the exclusive strategic and financial advisor to AXIO TI Holdings Limited (“TechInsights”) in its acquisition by funds managed by Oakley Capital Limited (“Oakley”). TechInsights was part of AXIO Group, which is majority owned by U.K. private equity firm, Electra Private Equity Plc. Oakley has acquired a controlling stake in the business.
TechInsights is a leading global provider of intellectual property (“IP”) & technology intelligence and strategic advisory services to the largest technology, semiconductor, and electronics companies around the world. Founded in 1989 and based in Ottawa, Canada, TechInsights has assembled a global team of highly educated and experienced engineers that have spent 25+ years in state-of-the-art laboratories tearing down and reverse engineering generations of products, components, chips, and electrical systems down to the atomic level.
Henry Elkington, CEO of AXIO Group Management Ltd. stated, “We were very pleased to work with Clearsight on this successful transaction. We selected Clearsight as our advisor because they knew the space well and had been active in presenting ideas to us over the past few years. We were pleased by their ability to manage multiple prospective buyers in an efficient and effective manner yielding the best results for this complex transaction. They were a key part of our team.”
Commenting on the transaction, Clearsight Director, Philo Tran, noted, “This marks another successful deal in Clearsight’s growing Legal Services & Information Solutions Practice. TechInsights is a clear market leader and we were thrilled to work with Henry and the TechInsights management team to help consummate this transaction”
Oakley will partner in the deal with AXIO CEO, Henry Elkington, who will become TechInsights’ chairman with the acquisition’s close. Oakley will utilize TechInsights’ extensive, proprietary technology database to accelerate growth in its subscription business, and maintain its market leading position in project-based patent licensing work. TechInsights will be supported in further developing its subscription and syndicated data products by leveraging Oakley Capital’s experience in helping businesses develop their recurring revenue streams.