August 04, 2021
Clovis Point Capital, LLC (Clovis Point) has announced that it has exited its position in CPaT Global, LLC (CPaT Global or the Company). CPaT Global, headquartered in Spring, Texas, is an industry-leading software company that provides airlines, training organizations, aircraft maintenance companies, and aviation professionals distance training solutions delivered through its proprietary learning management system platform. Over the course of Clovis Point’s investment, enterprise value increased 16.2x at a CAGR of 55.6%.
Latham & Watkins LLP represents Clovis Point Capital in the transaction with a corporate deal team led by Houston partner James Garrett, with Houston associate John Daywalt. Advice was also provided on tax matters by Bay Area partner Katharine Moir, with Bay Area associate Gregory Conyers; on benefits and compensation matters by Century City partner Julie Crisp, with Los Angeles associate Aaron Tso; on intellectual property matters by Bay Area partner Anthony Klein; on insurance matters by San Diego associate Hannah Cary; and on data privacy matters by Bay Area counsel Robert Blamires, with Boston associate Kiara Vaughn.