PriestleySoundy advises Abel Clark on his appointment as CEO of Corsearch

PriestleySoundy advised Abel Clark on his appointment as the new Chief Executive Officer of Corsearch and certain ancillary arrangements.

Corsearch is a global leader in the intellectual property (“IP”) services industry.  It provides over 5,000 companies and law firms with data, analytics and services to support them in establishing and protecting their IP rights.  Corsearch has over 1,500 employees with offices in the Americas, EMEA and APAC.

As CEO, Abel will focus on accelerating growth and innovation at Corsearch.  Abel has extensive experience executing customer-led growth strategies and leading global tech-enabled data, analytics and services businesses.  He has a stellar track record of galvanizing strong and engaged teams to deliver increased value for customers, and to grow and scale businesses globally.

In April 2021, it was announced that Astorg had acquired Corsearch from Audax Private Equity.  Cobepa, a Brussels-based independent investment company, invested alongside Astorg.  The terms of the transaction were not disclosed.

Astorg is a global private equity firm with over €18bn of assets under management.  Enjoying a distinct entrepreneurial culture, a long-term shareholder perspective abd a lean decision-making body, Astorg has valuable industry expertise in healthcare, software, technology, business services and technology-based industrial companies.

Latham & Watkins advised Corsearch/Astorg.

22 June 2022