Monday, December 05, 2011

Document Technologies Inc Recapitalized by Harvest Partners

New York-based buyout shop Harvest Partners has recapped of Document Technologies, providing a “successful liquidity event” for Quad-C Partners VII, L.P., the firm announced Friday. No terms of the deal were disclosed. Atlanta-based Doument Technologies is a provider of outsourced litigation support services, including facilities management services and electronic and paper discovery.

Harvest Partners, LP (“Harvest”), a New York-based private equity firm, and the management team of Document Technologies, Inc. (“DTI” or the “Company”) announced today that they have completed a recapitalization of the Company resulting in a successful liquidity event for Quad-C Partners VII, L.P. Terms of the transaction were not disclosed.

Founded in 1998 and based in Atlanta, Georgia, DTI is one of the largest independent providers of outsourced litigation support services, including facilities management services and electronic and paper discovery solutions. DTI services top law firms, Fortune 500 companies and hundreds of small and mid-size corporations and law firms nationwide. DTI operates 27 facilities and has a presence in more than 70 markets across the U.S.

DTI’s management team, including Founder, President and CEO, John Davenport, Jr., will continue to lead the Company.

“DTI is in a great position to continue its strong growth both organically and through tuck-in acquisitions,” said Ira D. Kleinman, Senior Managing Director at Harvest Partners. “We are looking forward to partnering with John and his team to provide additional financial and strategic resources to continue to build on DTI’s success.”

“DTI has invested heavily in its service delivery platform over the past several years, building a leading, national provider of facilities management and discovery solutions,” said John Davenport, Jr., DTI’s Founder, President and CEO. “The Company is winning new business from existing and new customers due to our first-class capabilities and customer service, and the management team is excited to partner with Harvest.”

“DTI provides differentiated facilities management and discovery services due to the company’s highest quality employee base. We are hiring and expanding our team of experienced project managers, discovery consultants, attorneys and certified forensic examiners,” said Andrew M. Schoenthal, Managing Director at Harvest.

Senior debt was arranged by GE Capital and Golub Capital and mezzanine debt by Carlyle Mezzanine Partners. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Alvarez & Marsal advised Harvest. Robert W. Baird & Co., VRA Partners LLC, Bryan Cave LLP and White & Case LLP advised the Company and Quad-C Partners VII, L.P. Ira D. Kleinman and Andrew M. Schoenthal of Harvest will be joining DTI’s Board of Directors.

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