OMERS and Harvest Partners to take Epiq private in $1 bln buyout
OMERS Private Equity and Harvest Partners LP have agreed to acquire Epiq Systems Inc for $16.50 per share in cash or about $1 billion. Epiq will be combined with DTI, a legal processing outsourcing company, which is owned by OMERS. Credit Suisse Securities (USA) LLC is providing financial advice to Epiq Systems on the transaction while Wells Fargo Securities is doing likewise for DTI and OMERS Private Equity. Bank of America Merrill Lynch is acting as financial adviser to Harvest Partners. Epiq will stop trading on the NASDAQ after the deal closes, which is expected in the fourth quarter of this year. Based in Kansas City, Kansas, Epiq is a provider of integrated technology and services for the legal sector.
27 July 2016•7 mins read
