RIVS

IrishAngels, Inc. | Majority Growth Recapitalization | Clovis Point Capital

Leading provider of software-as-a-service (“SaaS”) interviewing technology solutions that automate and expedite the interview process for employers

Case

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.

March 2019
RIVS.com

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.

About

March 2019
RIVS.com

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

Situation

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.

Result

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:

Additional

Information

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 Phone: (484) 533 – 6312

William J. Filip

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