Houlihan Lokey Advises INCOPRO Limited

Houlihan Lokey is pleased to announce it has advised INCOPRO Limited (INCOPRO), the pioneer in online brand and intellectual property protection, on its $21 million growth equity raise from leading equity investor Highland Europe. The transaction was announced on 18 May 2018 and completed on 1 June 2018.

Founded in 2011 and headquartered in London, INCOPRO’s proprietary technology platform, Talisman, collates a mass amount of data on brand infringement and automatically identifies and prioritises IP violations. Its clustering technology is uniquely able to track and connect the commercial-scale counterfeiters, enabling comprehensive takedown of all associated operations. Its team of analysts working across the United States, Europe, and Asia, collaborate with some of the largest global brands to provide connected and actionable insights into online IP infringements. INCOPRO’s customers include a host of household brand names, including Reckitt Benckiser, Ted Baker, NBCUniversal, Harley-Davidson, Hunter, Tangle Teezer, and BBC Studios.

The total growth equity investment amounts to $21 million, which INCOPRO will use to accelerate the development of its Talisman platform, scaling the company’s global footprint and continuing to build its outstanding leadership team.

Highland Europe invests in exceptional growth-stage software and internet companies. Highland Europe’s investments include companies such as Adjust, Bitmovin, ContentSquare, Featurespace, GetYourGuide, Malwarebytes, MatchesFashion, Nexthink, Smartly, and WeTransfer. Highland’s collective history of investments across the US, Europe, and China includes 46 IPOs and $19 billion-plus companies.

Houlihan Lokey served as exclusive financial advisor to INCOPRO on the growth equity raise. This transaction further demonstrates our strong track record in the research & IP segment and builds on other recent transactions in the space, including the sale of ipan Group to Castik Capital, the sale of PatentSight to Reed Tech, the sale of Dove Press to Informa PLC, and investment in Evaluate by HgCapital. All transactions mentioned, with the exception of ipan and PatentSight, were closed at Quayle Munro prior to its acquisition by Houlihan Lokey to establish the Data & Analytics Group.