Kane Russell Coleman Logan PC acted for Featherweight Capital Partners in the acquisition.
Featherweight Capital Partners, an Austin-based independent sponsor, has acquired Broadcat LLC, the leading provider of innovative, behavior-based compliance content to cutting-edge legal and compliance teams.
The transaction includes growth investment that will enable Broadcat to address rapidly increasing demand for its content and expand its service offering to provide broader compliance solutions based on Broadcat’s unique, operationally focused compliance design process.
In conjunction with the transaction, the company announced that Alex Klingelberger, Managing Partner of Featherweight Capital Partners, will join Broadcat as Chief Executive Officer.
Founded by Alex Klingelberger, Featherweight Capital Partners invests in differentiated, sub-scale enterprise technology companies with between $2mm and $6mm in revenue.
The KRCL team included Michael Attaway (Picture) and Ryan Ricke.
Law Firms: Kane Russell Coleman Logan;
Clients: Featherweight Capital Partners;