GE Capital’s Telecom, Media and Technology (TMT) financing business
today announced that it served as administrative agent on a senior
secured credit facility to support the acquisition of Unified OS Ltd. by
Inventus Solutions, Inc., a Clearlake Capital Group portfolio company.
GE Capital Markets served as sole lead arranger and bookrunner on this
facility.
Founded in 1991 and headquartered in Chicago, Inventus provides
technology-enabled electronic data discovery (EDD) and managed services
for Fortune 1000 corporations, global law firms and government agencies
to manage the legal discovery process. The acquisition of Unified, a
leading U.K.-based provider of EDD and managed attorney review, marks
Inventus’s significant expansion in Europe and its focus on adding a
leading managed review platform to its services bundle. The combination
creates an international, full legal process outsourcing (LPO) solution
with the ability to service target clients operating in multiple
jurisdictions across the globe.
“We enjoy a beneficial financing relationship with the team at GE
Capital, and in this instance, their experience in the technology sector
provided added value. In addition, their ability to speak for the entire
credit facility and underwrite and execute quickly made them an ideal
financing partner for this transaction,” said Behdad Eghbali and
Prashant Mehrotra, of Clearlake Capital.
“Inventus’s excellent position in the growing EDD market, plus
Clearlake’s invaluable strategic partnership, will position the company
for accelerated growth,” said Matthew Fleming, managing director with GE
Capital’s TMT business. "We look forward to supporting management and
Clearlake.”
About Inventus
Inventus is one of the largest discovery management practices in the
country, focused on helping clients reduce the costs and risks
associated with the discovery process. Since 1991, it has been providing
litigation support services to law firms, corporate legal departments
and government agencies. Inventus currently has over 150 employees
operating in 13 cities across the United States, with operational
headquarters in downtown Chicago. More information is available at www.inventus.com.
About Unified
Founded in 2009, Unified is a leading provider of eDiscovery and managed
review services to leading corporations, law firms and government
agencies operating across Europe. Unified is headquartered in London,
England. Focusing on the full spectrum of litigation and corporate
support services, Unified helps its elite law firm and multinational
corporate client base manage risk and reduce costs. Its end-to-end
process spans advice in managing harvestable data, forensic collection
and the processing of both electronic and paper sources through
conducting the document review and production process. With an average
industry tenure of 12 years, Unified’s experts achieve a deep
understanding of client requirements and bring a fresh ‘outcome based’
approach which translates into always meeting clients’ requirements and
enabling them to execute their matters in the most efficient, practical
and cost proportionate manner.
About Clearlake Capital Group
Clearlake Capital Group, L.P. is a private investment firm focused on
special situations and private equity investments such as corporate
divestitures, recapitalizations, buyouts, reorganizations, turnarounds
and other equity investments. Clearlake seeks to partner with
world-class management teams by providing patient, long-term capital and
operational expertise to invest in dynamic businesses. Clearlake
currently has approximately $1.4 billion of assets under management.
Throughout their careers, Clearlake’s senior investment professionals
have led over 70 investments totaling more than $3 billion of capital in
sectors including automotive, business services, consumer
products/retail, defense/public safety, energy/power, industrials, and
technology. More information is available at www.clearlakecapital.com.
About GE Capital, Telecom, Media and Technology
GE Capital's Telecom, Media and Technology business provides financing
to enable corporate growth, acquisitions and balance sheet refinancings
to companies in the following industries: cable, towers, data centers,
wireless, metro fiber, radio, TV, digital media, education services and
software. It also finances technology companies that enable these
industries. With Access GE, clients also benefit from access to GE's
best practices. Providing more than $123 billion in financing over the
past five years alone, GE Capital was named 2014 Lender of the Year by Mergers
& Acquisitions. Visit www.gecapital.com/tmt.
GE Capital offers customers around the globe an array of financial
products, services and insights to help them grow their businesses. For
more information, visit www.gecapital.com
or follow company news via Twitter (@GECapital).
GE (NYSE: GE) imagines things others don’t, builds things others can’t
and delivers outcomes that make the world work better. GE brings
together the physical and digital worlds in ways no other company can.
In its labs and factories and on the ground with customers, GE is
inventing the next industrial era to move, power, build and cure the
world. www.ge.com
Copyright Business Wire 2015