OMERS and Harvest Partners to take Epiq private for $1 bln
OMERS Private Equity and Harvest Partners have agreed to acquire Epiq Systems Inc (Nasdaq: EPIQ) for US$16.50 per share in cash or about US$1 billion. Epiq will be combined with DTI, a U.S. legal processing outsourcing company, which is owned by OMERS. Credit Suisse Securities (USA) LLC is providing financial advice to Epiq on the deal, while Wells Fargo Securities is doing likewise for DTI and OMERS. Bank of America Merrill Lynch is acting as financial adviser to Harvest. Epiq will stop trading on the Nasdaq after the deal closes, which is expected to happen in the fourth quarter. Based in Kansas City, Kansas, Epiq is a provider of integrated technology and services for the legal sector.
27 July 2016•10 mins read
