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The Transaction

Delancey Street Partners is pleased to announce the following transaction:

March 2019
Majority growth recapitalization with Clovis Point Capital
Sector: Business Services – Human Capital Technology

Delancey Street Partners served as the exclusive financial advisor to RIVS.com

Delancey Street Partners is pleased to announce that we served as exclusive financial advisor to RIVS.com, Inc. (“RIVS” or the “Company”), a portfolio company of IrishAngels, Inc. (“IrishAngels”) on its majority growth recapitalization with Clovis Point Capital, LLC (“Clovis Point”). Delancey Street managed a competitive sell-side M&A process and negotiated the terms of the transaction.

RIVS is a leading provider of software-as-a-service (“SaaS”) interviewing technology solutions that automate and expedite the interview process for employers. RIVS’ management team, led by CEO Phil Leslie, is executing on a vision to build a comprehensive recruiting and assessment platform with a core capability in proprietary interviewing technology. RIVS’ solutions include interview preparation tools; one-way asynchronous and live two-way video capabilities; an automated scheduling function; and interview content development tools. The Company’s solutions streamline the interview process and enable recruiters to screen high volumes of candidates quickly and cost-effectively. RIVS was founded in 2011 and is headquartered in Chicago, Illinois.

IrishAngels is an early stage venture firm focused on early investments in high potential startups across the U.S. The IrishAngels network is an angel group comprised of 225 investors, including some of the nation’s leading venture capital and private equity professionals, as well as seasoned entrepreneurs. IrishAngels Ventures is a $16MM venture fund that operates alongside the angel network. Collectively, IrishAngels and IrishAngels Ventures have invested in over 40 companies, deploying $25MM+ in capital. IrishAngels is affiliated with the University of Notre Dame though considers opportunities with or without a connection to the University. The team prides itself on high touch service to both investors and its portfolio company CEOs.

Clovis Point Capital is a Houston, TX-based growth equity firm that focuses on making investments in software and technology-enabled business services companies. The firm’s relationship-based approach utilizes its experience and expertise to help companies accelerate growth and realize their full potential.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings and recapitalizations. Our focus sectors include Healthcare, Business & Technology Services, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.

The transaction was completed March 15, 2019.

The principals of Delancey Street Partners have significant experience serving the Business Services & Technology industries. To learn about our experience in Business Services & Technology, please click here.

For additional information about this transaction, please contact:

William J. Filip
Managing Director

David K. Allebach

Delancey Street Partners

Our offices are located in the suburbs of Philadelphia:
Five Tower Bridge, Suite 420 | 300 Barr Harbor Drive | West Conshohocken, PA 19428
(484) 533-6300

© 2017 Delancey Street Partners, LLC | Disclosures

Securities offered through DSP Securities, LLC. Member SIPC | Member FINRA, all other transactions effectuated through Delancey Street Partners, LLC

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