The Stephens Group Portfolio Company DISCO Prices its Initial Public Offering
July 23 2021 - 7:00AM
Business Wire
Private investment firm The Stephens Group, LLC (“The Stephens
Group”) announced today that its portfolio company DISCO completed
its initial public offering. The shares began trading on the New
York Stock Exchange on July 21, 2021 under the symbol “LAW.”
DISCO offers a cloud-native, artificial intelligence-powered
legal solution that simplifies ediscovery, legal document review,
and case management for enterprises, law firms, legal services
providers, and governments. The company was founded by Kiwi Camara
in 2013 and has built a team that is not only strong in cloud
computing and artificial intelligence, but also has a deep legal
background and understanding of the challenges legal professionals
face.
“We congratulate the entire DISCO team on this well-earned
milestone,” said Aaron Clark, Managing Director at The Stephens
Group. “We first invested in DISCO in 2016 and have enjoyed an
amazing partnership. The hard work and talent of the DISCO
management team has created a true category leading company with
immense potential, which has now been acknowledged by public market
investors.”
About The Stephens Group, LLC
The Stephens Group, LLC (https://www.stephensgroup.com) is a
private investment firm that partners with talented management
teams to help build valuable businesses. Backed by the resources of
the Witt Stephens and Elizabeth Campbell families, the firm
combines the operational expertise of a private equity firm with
the flexibility provided by long-term capital. With nearly $2
billion of private equity assets under management, the firm has a
long history of providing informed, sophisticated expertise and
working with owners and managers to help them successfully achieve
their strategic visions and build long-term value. Since 2006, The
Stephens Group has invested in 49 companies, targeting investments
in industries across the U.S., including industrial and commercial
products and services, specialty distribution, B2B food, technology
infrastructure and tech-enabled services.
About DISCO
DISCO is a legal technology company that applies artificial
intelligence and cloud computing to legal problems to help lawyers
and legal teams improve legal outcomes for their clients. Corporate
legal departments, law firms, and government agencies around the
world use DISCO for ediscovery, case management, compliance,
disputes, and investigations. For more information, visit
www.csdisco.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210723005042/en/
Allie Laborde Principal, Business Development The Stephens
Group, LLC pressreleases@stephensgroup.com 501.377.3401
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