RENOVUS
Year in Review
2024 marked 15 years since the doors first opened at Renovus Capital Partners. We’ve had a busy and successful past 12 months, and we are thrilled to share our Year in Review.
In 2024, we announced the final closing of our fourth private equity fund, which reached its hard cap of $875 million. We also closed our first multi-asset continuation fund, completed five platform investments, 14 add-on acquisitions and eight exits.
We are proud to share that Renovus was ranked #1 in a worldwide study of small-cap buyout firms for the second consecutive year.(1) We recognize that one of the keys to our success lies in cultivating and maintaining a strong team of staff members. To that end, we promoted top-performing employees in 2024, and we added 13 new members to the team as well. We now have 40 dedicated employees across various departments working together to drive results.
We are active in the market and have already closed two platform investments out of our newly raised Fund IV. We are also exploring several new initiatives, including the build out of value creation resources for our portfolio.
See below for greater detail on our 2024 milestones.
In October, Renovus announced the sale of its portfolio companies, LeapPoint and Jumpseat, to Omnicom (NYSE:OMC). Renovus originally invested in LeapPoint and Jumpseat in 2021. The companies provide services and software supporting large enterprise digital transformation, focusing on the Adobe marketing suite.
Four portfolio companies – ARETUM, ClinicalMind, Lockstep Technology Group and Phoenix East Aviation – were exited from two legacy Renovus funds and recapitalized in Renovus’ first continuation fund for the purpose of continuing to drive growth and create value in partnership with their talented management teams.
In October, Red Nucleus announced its sale to THL Partners, a middle market private equity firm founded in 1974 that has raised more than $35 billion in equity capital. Red Nucleus provides a suite of products and services from learning & development, scientific services & advisory, medical and scientific communications, and market access, which leads the company’s life sciences customers to accelerated transformational success.
Hillsboro Aero Academy (HAA) is a leader in commercial fixed and rotor wing aviation training, delivering inspiring educating experiences that launch careers in global education. Thousands of pilots from over 75 countries have started their careers with HAA. HAA was exited in 2024 to an undisclosed strategic buyer.
Renovus continues to focus on investments in the Knowledge and Talent sector and made majority investments in the companies below during 2024.
Angeion specializes in managing class actions and other types of mass litigation leveraging advanced technology, proven best practices, and expert consulting. Angeion’s dedication to efficiency, accountability, and excellence instills confidence in counsel and the court alike.
Case Works is leading provider of tech-enabled litigation support solutions to the country’s premier plaintiff law firms. Based in Austin, Texas, the Company was created with a single mission: To Help Lawyers Help People. Case Works provides a full suite of case management services including claims qualification, intake, medical records retrieval & review, case development, and ongoing plaintiff engagement.
Founded in 2005, Performive is a leading managed IT services provider, specializing in managed IT infrastructure, cloud solutions, and cybersecurity for mid-market enterprises. With deep technical expertise and a relentless focus on customer success, Performive empowers businesses to optimize their IT operations and achieve sustainable growth.
QualX Corp. was founded in 2009 to provide agency-level strategic planning and policy development, information management, enterprise IT, program management, and business process improvement support services to its government customers.
Superior Health Holdings, Inc., based in Baton Rouge, LA, is a full-service family of agencies offering hospice and home health services utilizing registered nurses, licensed practical nurses, physical therapists, occupational therapists, speech therapists, medical social workers, as well as, home health aides. Superior covers a large portion of southern and northwestern Louisiana.
In addition, Renovus’ existing platform investments achieved greater scale through making multiple strategic add-on acquisitions:
Renovus Platform
Industry Vertical
Add-on Acquisition
Renovus continues to build the team in 2025. Please contact recruiting@renovuscapital.com if you are interested or would like to recommend someone.
Renovus is well-positioned for continued success in 2025. We are committed to the continued success of the firm for our limited partners, portfolio companies, key stakeholders and Renovus team members. We look forward to working with you in 2025.