Deal Details

Align Completes Continuation Vehicle for Proceed

Technology & Services

Align single asset continuation vehicle for Proceed

Summary

Align Capital Partners ("Align") closed a single asset continuation fund for Proceed (the “Company”), a leading tech-enabled legal process outsourcing firm, providing end-to-end litigation support for over 12,000 clients across the U.S. The transaction provides the capital needed to support Proceed through its next phase of growth, while allowing Align to extend its ownership of a strong platform. Align plans to continue scaling the Company through accretive M&A and strategic investments in technology to enhance its core service offering and add additional complementary services.

Baird served as the placement agent and exclusive financial advisor to Align on this transaction. Baird also arranged debt financing to increase the Company's debt capacity for M&A and expand its lender base. Baird’s GP Solutions and Legal Technology & Services (LTS) teams worked in tandem to conduct an efficient and competitive process to achieve Align’s key objectives.

About

Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to help create shared success. Align manages $2.1 billion in committed capital with investment teams in Cleveland and Dallas. Align brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firm’s investors. Align makes control investments in differentiated companies within the business services, technology, specialty manufacturing and distribution sectors. Align is co-headquartered in Cleveland, Ohio and Dallas, Texas.

Proceed is a leading nationwide provider of technology-enabled legal services and expert guidance. The Company has evolved into a national, multi-dimensional platform operating across the dispute lifecycle. Proceed delivers e-filing, service of process, dispute management and appellate services with precision, operational excellence and technology-enabled efficiency. Proceed empowers legal teams to navigate complex matters with speed, accuracy and confidence. Proceed is headquartered in New York, New York.

Technology & Services

Align single asset continuation vehicle for Proceed