London, United Kingdom – Marks Baughan & Co. announced today that it served as exclusive financial advisor to CityDocs Limited in the sale of TRILANTIC International Limited, its majority-owned subsidiary, to Huron Consulting Group Inc. (NASDAQ: HURN). Terms of the transaction were not disclosed.
The sale of TRILANTIC to Huron represents Marks Baughan’s sixth transaction in the Compliance & Legal Solutions market this year, and further cements Marks Baughan’s position as the leading investment bank in this burgeoning sector. In addition to the TRILANTIC transaction, Marks Baughan in 2010 has also served as financial advisor to Serengeti on its sale to Thomson Reuters; Daticon EED on its sale to DTI; Integrity Interactive on its sale to SAI Global; Investcorp on its acquisition of Veritext; and Integreon on its $50 million minority growth equity raise by Actis.
TRILANTIC, based in London, specializes in e-discovery services and delivers solutions to law firms and legal departments worldwide that combine IT proficiency and a detailed knowledge of the EU data protection rules.
“The Marks Baughan team has vast experience in the legal technology sector and did a tremendous job for us in this transaction. Marks Baughan understood our company and the eDiscovery market place and was instrumental in helping TRILANTIC reach the right result with Huron. We are very excited about the future and want to thank Marks Baughan for their advice and support,” said Nigel Murray, managing director and founder, TRILANTIC.
“CityDocs is proud to have supported the growth of TRILANTIC into the company that caught the attention of an industry leader like Huron Consulting Group. And, we very much look forward to continuing our strategic partnership with TRILANTIC going forward. Nigel and I have worked with John Jacobs and Marks Baughan & Co. for years and when it came time to consider the next move for TRILANTIC we automatically asked John and Marks Baughan to advise us. John was there every step of the way to assist us in driving the transaction to a successful completion. I would like to personally thank John for all his hard work from beginning to end and very much look forward to continuing to benefit from his counsel and advice,” said Ben Gowers, Group Chief Executive, CityDocs.
The TRILANTIC acquisition is the latest move that Huron has taken to strengthen its global legal consulting scope of offerings to its clients. Late last year, the Company expanded its legal consulting capabilities with the addition of H4 Partners, a U.K.-based legal consulting company focused on serving European law firms and in-house law departments of global entities.
For more information on this transaction, please contact:
John W. Jacobs
Partner
+44 207 400-0488
jjacobs@marbau.com
Nick Baughan
Managing Member
610.616.3294
nbaughan@marbau.com
About CityDocs Limited
CityDocs is a leading provider of legal support services in the United Kingdom. For our legal clients, we provide outsourced support during arbitration and litigation leading up to trial bundles in court; this includes reprographics, scanning and coding of documents.
About TRILANTIC International Limited
TRILANTIC is a global legal support company focused on the e-Disclosure market, offering processing of paper documents and electronically stored information. We have an unsurpassed professional reputation and supply bespoke services exclusive to our industry. Our Managing Director, Nigel Murray, is a founder of the litigation support industry in Europe. His team has worked on many of the UK’s first e-Disclosure cases and has been successful innovators for the last twelve years. With both IT proficiency and a detailed knowledge of the EU data protection rules, our e-Disclosure experts can give you the benefit of their experience.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, reduce costs, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including leading academic institutions, healthcare organizations, Fortune 500 companies, medium-sized businesses, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.
About Marks Baughan & Co.
Marks Baughan & Co. provides investment banking services to growth companies in the Financial Technology and Information Management sectors. Our narrow focus and deep expertise and relationships in these two verticals provide our clients with top-quality results driven by an efficient process. Started in 2004 by two former senior members of the Credit Suisse First Boston Technology Group, Marks Baughan & Co. has established itself as one of the most successful of the new boutique investment banks by combining bulge-bracket expertise with boutique service. Our clients range from public companies with multi-billion dollar market caps to private companies with $10 million in revenues. We deliver results for clients: advising on sales of entire companies and divisions, acquisitions, private placements of equity and debt securities, or strategic advisory services for CEOs and CFOs on public offerings, M&A plans, or investor positioning.