Dechert advised Aquiline Capital Partners LP (“Aquiline”), a private investment specialist in financial services and related technologies, on its majority investment with Level Equity, a private investment firm focused on high growth software businesses, in DocuPhase LLC (“DocuPhase” or “the Company”), a provider of accounting and finance process automation software.
DocuPhase, based in Tampa, Florida, provides software solutions to over 1,200 customers, enabling finance teams to streamline their invoicing and payment procedures, improving efficiency and decreasing errors and costs. The Company provides core software solutions across accounts payable automation, accounts receivable automation, and document management.
The investment from Aquiline and Level Equity will support DocuPhase's organic growth, expand its product suite, improve its offering through investment in product innovation, and grow its recently launched vendor payments solution to better serve its customer base.
The Dechert team advising Aquiline included corporate partners Mark Thierfelder, Jonathan Kim and Allie Wasserman, and associates Lisa Perri, Michael Balent, Josh Kim, Chris Rodrigues, Conor Shea and Callie Maslowsky; global finance partner Soo-ah Nah, and associates Terry Huang and James Audet; tax partner David Passey and associate Abigail Hopper; employee benefits partner Kevin Kay and associate Tabitha Crosier; labor partner Ian Downes and associate Julia Canzoneri; IP partner Tom Rayski and associate Frank Hwang; privacy and cybersecurity senior counsel Tim Blank and associates Hilary Bonaccorsi, Madeleine White and Dan Murdock; environmental partner Abbi Cohen; real estate special counsel Francois Quintard-Morenas; antitrust partner James Fishkin and counsel Beverly Ang; national security partner Darshak Dholakia and associate Betsy Feuerstein.
About Dechert
Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our 1,000+ lawyers across 21 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.