DLA Piper advises NewSpring Capital and Signal Cove Capital as buyer sponsors in Iris’ management-led buyout

DLA Piper advised NewSpring Capital and Signal Cove Capital on a strategic investment supporting the management-led buyout of Iris® Powered by Generali (Iris) from Redion Group.

NewSpring Capital and Signal Cove Capital help technology-driven businesses scale and create long-term value. Iris is a provider of identity protection and cyber risk solutions. Following the transaction, Iris will operate as an independent business under its new brand name, Iris OnWatch.

The DLA Piper deal team was led by Partner Eric Grossman (Washington, DC) and included Of Counsel Thomas Hendershot (Reston) and Melissa Sampson (Washington, DC), and Associates Michelle Bauer (Washington, DC) and Paula Altman (Boston).

With more than 225 global lawyers providing strategic counsel to private equity funds and their industry-leading portfolio companies, DLA Piper’s Private Equity practice has the team, experience, and relationships to help drive value across the investment life cycle by delivering responsive, efficient, and integrated solutions around the world. DLA Piper’s Global Private Equity practice ranks as the #1 most active among law firms, according to PitchBook.