OMERS Private Equity ("OPE"), the private equity arm of OMERS, and the management team of Document Technologies Holdings, LLC (“DTI” or the “Company”) announced today that they have completed a recapitalization of the Company resulting in a successful liquidity event for Harvest Partners (“Harvest”). Terms of the transaction were not disclosed.
Based in Atlanta, Georgia, DTI is a leading provider of legal process outsourcing services in the U.S. The Company has 29 offices nationwide and on-site client services in nearly 70 markets. DTI’s technology-enabled, fully integrated solutions include litigation forensics consulting, electronic discovery hosting, managed review, legal staffing, and risk and compliance services. The Company’s 3,000 employees provide services to over 3,000 corporate and law firm clients.
John Davenport, Jr. said, “We are excited about our partnership with OPE. Their culture, large capital base, international presence and long-term investment approach make them an ideal partner for DTI as we strive to become the provider of choice in the legal process outsourcing industry. We will continue to provide innovative, value-added legal cost containment solutions for clients seeking greater visibility and management of their overall legal spend.”
“We are looking forward to partnering with John Davenport, Jr., CEO of DTI, and his management team for the Company’s next phase of growth,” said Eric Haley, Managing Director at OPE. “We believe that DTI will continue to distinguish itself as a market leader in the highly fragmented legal process outsourcing industry in the years ahead.”
"The investment in DTI is consistent with OPE's strategy of acquiring industry leading companies with world class management teams in sectors experiencing transformational growth. DTI is a very strong addition to our growing business services portfolio in North America " says Michael Graham, Country Head USA and Co-Head North America for OPE.
Weil Gotshal & Manges LLP acted as legal counsel for OMERS Private Equity.
