Current Investment-FUND III
Acquisition date: January 6, 2015
Disposition date: Current Holding
International provider of discovery and data management services for law firms, corporations and government agencies
Xcellence, Inc. d.b.a. Xact Data Discovery (“XACT”) provides streamlined forensic collection, processing, hosting, document review and project management services, representing an end-to-end solution to support its clients throughout the litigation discovery process. Leveraging its unique combination of onshore and offshore project management and delivery, the company has developed a reputation for exceptional service and responsiveness. XACT is benefitting from double digit industry growth, driven by increased focus by its customers to optimize legal costs through outsourcing and the explosive growth in electronically stored information. At acquisition, the company’s operations spanned 16 offices in 11 states, and management is pursuing an aggressive growth strategy including opening new offices as well as making add-on acquisitions to expand its market presence and add new service capabilities.
The transaction closed on January 6, 2015. Clearview invested equity from Clearview Capital Fund III, LP. Senior debt was provided by TCF Capital Funding.
Add-on Acquisitions Completed:
Orange Legal Technologies
Salt Lake City, UT
Provider of eDiscovery and outsourced managed review services
San Francisco, CA
Provider of eDiscovery services in the San Francisco Bay area