GE Capital Finances Inventus’s Acquisition of Unified OS Ltd.
March 30 2015 - 9:10AM
Business Wire
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
GE Capital, TMTAlexandra Abrams,
312-441-7356alexandra.abrams@ge.comorGE CapitalLisa Tibbitts,
203-945-4582lisa.tibbitts@ge.com
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