M&A Deal Summary

OMERS Private Equity Acquires Document Technologies

On August 19, 2014, private equity firm OMERS Private Equity acquired information services company Document Technologies from Harvest Partners Private Equity, The Carlyle Group and Manulife Investment Management

Acquisition Highlights
  • This is OMERS Private Equity’s 1st transaction in the Information Services sector.
  • This is OMERS Private Equity’s 13th transaction in the United States.
  • This is OMERS Private Equity’s 1st transaction in Georgia.
Investment Fate
  • Document Technologies merged with another company in 2016 for 627M USD.
  • Document Technologies merged with another company in 2016 for 627M USD.

M&A Deal Summary

Date 2014-08-19
Target Document Technologies
Sector Information Services
Buyer(s) OMERS Private Equity
Sellers(s) Harvest Partners Private Equity
The Carlyle Group
Manulife Investment Management
Deal Type Recapitalization

Target

Document Technologies

Atlanta, Georgia, United States
website
DTI is a 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 was founded in 1998 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.


DEAL STATS #
Overall 32 of 55
Sector (Information Services) 1 of 1
Type (Recapitalization) 1 of 1
State (Georgia) 1 of 1
Country (United States) 13 of 28
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 National Veterinary Associates

Agoura Hills, California, United States

National Veterinary Associates, Inc. is one of the largest veterinary and pet care services organizations in the world. NVA partners with over 700 general practice hospitals, specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Canada, Australia, and New Zealand. NVA’s 14,000 team members and 2,600 veterinarians are united by a common purpose – a love for animals and the people who love them – and a common mission – to improve the comfort and well-being of animals by providing progressive and compassionate care. NVA’s veterinarians and animal care professionals provide a full range of medical and surgical services. T

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Accelerated Rehabilitation Centers

Chicago, Illinois, United States

Accelerated Rehabilitation Centers, LLC is a premier provider of outpatient rehabilitation services. Accelerated has grown to over 230 outpatient rehabilitation centers in Illinois, Indiana, Iowa, Michigan, Missouri, Wisconsin, Ohio and Arizona, becoming the top choice for many professional athletes, large employers and busy professionals.

Sell -

Seller(S) 3

SELLER

Harvest Partners Private Equity

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 14 of 29
Sector (Information Services) 1 of 1
Type (Recapitalization) 1 of 1
State (Georgia) 4 of 5
Country (United States) 12 of 26
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-29 Green Bank

Houston, Texas, United States

Green Bancorp is a bank holding company that operates Green Bank primarily in the Houston and Dallas metropolitan areas. Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-30 PRO Unlimited

San Francisco, California, United States

PRO Unlimited is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). PRO Unlimited was founded in 1991 and is based in San Francisco, California

Buy -
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 261 of 443
Sector (Information Services) 2 of 4
Type (Recapitalization) 5 of 5
State (Georgia) 5 of 9
Country (United States) 162 of 250
Year (2014) 19 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Viator

San Francisco, California, United States

Viator, Inc. is an online booking service of destination activities, such as sightseeing trips, tours and airport transfers, for consumers and travel industry affiliates such as Travelocity, priceline.com, Intercontinental, Starwood and Wyndham.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-24 Diamond Bank

Lagos, Nigeria

Diamond Bank Plc is a new generation universal bank in Nigeria, engaged in corporate, commercial and consumer banking.

Buy -
SELLER

Manulife Investment Management

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

Manulife Investment Management is a private investment group that provides mezzanine as well as non-controlling equity capital to middle-market businesses. Manulife Investment's target investment size is $10 to $50 million per transaction. The Group prefers opportunities located in the US. Manulife Investment Management was established in 1998 and maintains offices in Boston and New York City.


DEAL STATS #
Overall 5 of 18
Sector (Information Services) 1 of 1
Type (Recapitalization) 1 of 1
State (Georgia) 1 of 2
Country (United States) 5 of 17
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 Inland Industrial Services Group

Detroit, Michigan, United States

Inland Industrial Services Group is a provider of industrial cleaning, maintenance and turnaround services to the petrochemical, power, steel, automotive, and oil refinery end‐markets. The company provides routine, daily, and turnaround cleaning and maintenance services, including hydroblasting, vacuuming, chemical cleaning and tank cleaning.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Compuware

Detroit, Michigan, United States

Compuware Corp. empowers the world’s largest companies to excel in the digital economy by taking full advantage of their mainframe investments. Compuware Corp. does this by delivering innovative software that enables IT, professionals, with mainstream skills to develop, deliver and support mainframe applications with ease and agility. Our modernized solutions uniquely automate mainframe work, integrate into a cross-platform DevOps toolchain and measure software delivery quality, velocity and efficiency.

Buy $2.5B