M&A Deal Summary

Dolan Media Holding Acquires National Default Exchange

On September 2, 2008, Dolan Media Holding acquired financial services company National Default Exchange from Trinity Hunt Partners for 208M USD

Acquisition Highlights
  • This is Dolan Media Holding’s 1st transaction in the Financial Services sector.
  • This is Dolan Media Holding’s largest (disclosed) transaction.
  • This is Dolan Media Holding’s 1st transaction in the United States.
  • This is Dolan Media Holding’s 1st transaction in Michigan.

M&A Deal Summary

Date 2008-09-02
Target National Default Exchange
Sector Financial Services
Buyer(s) Dolan Media Holding
Sellers(s) Trinity Hunt Partners
Deal Type Add-on Acquisition
Deal Value 208M USD
Advisor(s) Haynes and Boone LLP (Legal)

Target

National Default Exchange

Farmington Hills, Michigan, United States
website
National Default Exchange (NDEx) is a provider of default management services to mortgage servicers. NDEx's default management services include foreclosure processing, bankruptcy case management, title, conveyance / closing, litigation and eviction services, among others.

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Buyer(S) 1

Buyer

Dolan Media Holding

Minneapolis, Minnesota, United States

website


Category Company
Founded 1994
Sector Publishing
DESCRIPTION

Dolan Media Holding Co. is a provider of highly targeted, specialized business information products and services. It distributes law and business news online and also publishes daily and weekly business publications, including court and commercial newspapers and business journals, in 21 U.S. metro markets.


DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-23 DiscoverReady

New York, New York, United States

DiscoverReady LLC is a provider of professional services and business information to the legal, financial and real estate sectors. DiscoverReady LLC was founded in 2005 and is based in New York city.

Buy -

Seller(S) 1

SELLER

Trinity Hunt Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Trinity Hunt Partners is a private equity firm focused on investing in lower middle-market companies throughout US. Trinity targets established companies with EBITDA of $4 to $25 million and investment size between $15 and $50 million of equity invested into each portfolio company. Specific areas of interest include business, healthcare, and consumer services. The Firm focuses on majority and significant minority recapitalizations, buy-and- builds, management buyouts. Trinity Hunt Partners was founded in 1993 and is based in Dallas, Texas.


DEAL STATS #
Overall 4 of 16
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Michigan) 1 of 1
Country (United States) 4 of 16
Year (2008) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Heartland Dental Care

Effingham, Illinois, United States

Heartland Dental is the largest dental support organization in the United States, providing non-clinical administrative support services to over 840 offices and more than 1,300 supported dentists across 35 states. Heartland Dental partners with its supported dentists to deliver high quality care across the full spectrum of dental services. For more information, please visit our website at www.heartland.com and on Twitter @HeartlandDental. The company is headquartered in Effingham, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-14 International Surface Preparation

Bellaire, Texas, United States

International Surface Preparation (ISP) is a global manufacturer and supplier of surface preparation and finishing equipment, including the associated parts, supplies and services for floors and other surfaces. Their products include centrifugal wheelblast, airblast, descaling, peening and deburring systems, as well as abrasives, diamond blades and other accessories. These types of equipment are used by builders, manufacturers of medical implant devices, refineries, railroad companies and shipyards.

Sell -