H.I.G. Capital News
Executive Managing Director
1450 Brickell Avenue
Miami, FL 33131
H.I.G. Bayside Capital Announces the Sale of DiscoverReady
MIAMI – October 31, 2018 – H.I.G. Bayside Capital (“H.I.G. Bayside”), the special situations affiliate of H.I.G. Capital, a leading global private equity investment firm with $28 billion of equity capital under management, announced today the sale of its portfolio company, DiscoverReady (“DiscoverReady” or the “Company”), to Consilio, a global leader in eDiscovery, document review, risk management, and legal consulting services.
Based in Charlotte, NC, DiscoverReady is a leading provider of end-to-end eDiscovery services including best-in-class offerings in managed review, processing, hosting and information governance. The Company supports corporations and multinational law firms on complex investigation, litigation and compliance matters.
H.I.G. Bayside recapitalized the Company in 2014, and over the last four years has supported the Company’s significant investments in new service offerings, technology, and marketing. These investments positioned DiscoverReady to capitalize on the growing demand for eDiscovery services, which has resulted in rapid growth at the Company.
Sean Britain, H.I.G. Bayside Managing Director, said, “We are proud to have supported CEO James Schellhase and the talented DiscoverReady team during an exciting period of growth for both the Company and the industry. Our investments, coupled with management’s execution, have resulted in a successful outcome for management, H.I.G., and its investors. We look forward to the Company’s continued success.”
Schellhase, CEO of DiscoverReady, said, “H.I.G. has been a great partner to the Company over the years. Their guidance and support enabled DiscoverReady to become a market leader in our industry and has laid the groundwork for continued growth for years to come.”
DiscoverReady is a leading Information Intelligence solution provider specializing in legal, compliance and governance. DiscoverReady’s innovative solutions allow global corporations and law firms to derive business value from information assets, secure and protect data, and effectively respond to legal and compliance demands.
About Bayside Capital
Bayside Capital is the special situations affiliate of H.I.G. Capital. Focused on middle market companies, Bayside invests across several segments of the primary and secondary debt capital markets with an emphasis on long term returns. With eight offices throughout the U.S. and Europe and over 350 investment professionals to draw upon, Bayside has the experience, resources, and flexibility required to provide capital solutions quickly, and the strategic and operational expertise to help support its investments. For more information, please refer to the Bayside website at www.bayside.com
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $28 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo, Bogotá and Mexico City, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.