a portfoio company of
has divested
ABOUT THE COMPANY:
The Dolan Company, a diversified business information and professional services provider, sought to divest Counsel Press, a non-core operating business. Since 1938, Counsel Press has assisted attorneys with expert assistance in preparing, filing, and serving appeals in state and federal appellate courts nationwide and several international tribunals.
SITUATION:
The Dolan Company, majority owned by investment funds affiliated with Bayside Capital, Inc., embarked on a revitalization plan in the summer of 2014. Dolan sought to divest non-core business units, including Counsel Press, in an effort to focus on and invest behind core service offerings.
ENGAGEMENT:
G2 Capital Advisors was engaged by The Dolan Company to run a targeted, highly involved sales process to a select set of strategic and financial buyers. G2 worked closely with Counsel Press' existing management team, the Dolan Company, and prospective buyers to structure and execute the carve out transaction in an efficient and expedited manner.
OUTCOME:
The transaction was consummated through a sale to Gladstone Investment Corporation (NASDAQ: GAIN), a publicly traded business development company that seeks to make debt and equity investments in small- and mid-sized businesses in the U.S. The aggregate Gladstone Investment Corporation investment totaled $32.5MM in a combination of equity and debt capital.
DEAL TEAM:
SUB-SECTOR
Business Process Outsourcing
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