You are here

HighBank Advises Equivalent DATA on a recapitalization led by Trinity Hunt Partners

May 16, 2012

HighBank Advsiors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it was the exclusive financial advisor to Equivalent DATA ("EQD" or the “Company”) on a recapitalization led by Dallas, Texas-based private equity firm Trinity Hunt Partners. Terms of the transaction were not disclosed.

Founded in 1994 and headquartered in Houston, Texas, EQD is a leading provider of e-Discovery software and services to the legal and corporate community. NeedleFinder®, the firm’s proprietary eDiscovery software, is recognized as one of the most comprehensive end-to-end solutions in the industry. Along with NeedleFinder®, EQD offers complementary, value-added Legal Process Outsourcing (“LPO”) services, including e-Discovery project management, hosting and production, Managed Attorney Review, and Paper Discovery.

“HighBank provided outstanding, high-touch advice throughout the transaction process and was instrumental in achieving a result that exceeded our expectations,” said CEO Michael Medrano.

Stephen Gaines, Managing Director, at HighBank stated “I have known Mike and his senior team for many years and watched EQD develop into an industry leader. HighBank was thrilled to advise EQD on all aspects of the recapitalization. We believe the combination of EQD’s outstanding leadership team and Trinity Hunt’s experience position the Company for robust growth within the dynamic LPO sector.”

Trinity Hunt typically invests in established companies that are valued between $10 million to $150 million, where the addition of capital and operating resources can generate strong growth prospects. The firm considers investment opportunities across several core industries, including industrial products and services, business services and healthcare services.

Senior and mezzanine debt financing for the transaction was provided by Cadence Bank, N.A. and C3 Capital, LLC, respectively.

Contact:

Stephen Gaines
HighBank Advisors LLC
443.478.1970
sgaines@highbank.com
www.highbank.com

Mark Waters
HighBank Advisors LLC
443.478.1971
mwaters@highbank.com
www.highbank.com

About Equivalent DATA

Founded in 1994 and headquartered in Houston, Texas, EQD is a leading provider of e-Discovery software and services to the legal and corporate community. NeedleFinder®, the firm’s proprietary eDiscovery software, is recognized as one of the most comprehensive end-to-end solutions in the industry. Along with NeedleFinder®, EQD offers complementary, value-added Legal Process Outsourcing (“LPO”) services, including e-Discovery project management, hosting and production, Managed Attorney Review, and Paper Discovery. For more information, visit www.eqd.com.

About Trinity Hunt Partners

Trinity Hunt is a private equity firm based in Dallas, Texas. Recognized throughout the Southwest, Southeast, and lower Midwest regions of the U.S. the firm has earned a reputation for working closely with entrepreneurs and family-owned businesses to provide strategic, operational, and capital expertise to help companies reach the next level. The Trinity Hunt team has successfully invested over $1.3 billion of equity capital in more than 50 platform companies spanning a diverse array of industries and economic cycles. Known for its high integrity, respectful partnerships, and straightforward approach, Trinity Hunt's experience and financial resources help its client firms capitalize on available opportunities.

About HighBank Advisors LLC

About HighBank Advisors LLC HighBank is a Baltimore-based full services mid-market investment bank and financial advisory firm. The firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and solvency opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit www.highbank.com.

All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA www.finra.org and SIPC www.sipc.org. HBS is a wholly-owned subsidiary of HighBank Advisors.