NEW YORK, NEW YORK--(Marketwired - Aug. 19, 2014) - 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.
DTI is the largest privately held legal process outsourcing company in the US serving law firms and corporations. DTI helps its clients accelerate the changes they must make to remain competitive. DTI is a preeminent leader in the management of mission-critical information and processes. The Company manages risks and minimizes costs associated with complex litigation and compliance functions. The Company's extensive managed services, litigation support and eDiscovery experience is unmatched in the industry. To learn more about DTI's national footprint, flexibility, capacity and world-class project management, visit www.DTIglobal.com.
About OMERS Private Equity Inc.
OMERS Private Equity ("OPE") manages the private equity activities of OMERS and has over CAD$7 billion of investments under management. The group's investment strategy includes the active ownership of businesses in North America and Europe. OPE is headquartered in Toronto, Canada, with offices in London and New York. For further information visit: www.omerspe.com.
OMERS is one of Canada's largest pension funds with over CAD$65 billion in net assets. It provides first-class pension administration and innovative products and services to over 440,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate.
For more information, please visit www.omers.com, or www.omersworldwide.com.