Clearwater International advises Alvarez & Marsal on the sale of 100% of the shares of Docout, a portfolio company of AlpInvest, to Vallis Capital Partners

Clearwater International has advised Docout, a leading document management company, on the sale of 100% of its shares to Vallis Capital Partners, a Portuguese private equity fund, and the management team.

Founded in 2002 in Madrid, Docout originally focused on physical records storage and the digitisation of documents. Over the years, the company has become a leader in administrative and document management BPO, offering a portfolio of 360-degree services.

Docout’s clients are blue-chip multinationals with a special focus on banking, utilities, insurance, and telecommunications. The company has more than 200 employees in four strategically located facilities across Spain.

Until its sale, Docout was managed by Alvarez & Marsal, and majority owned by AlpInvest Partners, a subsidiary of The Carlyle Group, and a private equity manager with $85 billion under management.

Vallis is a private equity firm specialising in mid-market investments across Spain and Portugal, with an average investment of €10-30m. It invests in leading companies within their sector, to accelerate growth and international expansion plans.