Deal Details

Align Completes Financing for Single Asset Continuation Vehicle for Proceed

Technology & Services

Align financing for single asset continuation vehicle for Proceed

Summary

Align Capital Partners ("Align") completed a secured debt financing in connection with its 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 exclusive debt advisor to Align on this transaction. Baird’s Debt Advisory team worked closely with Align to navigate a period of heightened volatility in the software sector and ultimately secured financing terms priced below prevailing market rates. The financing consisted of a revolving credit facility, senior term loan and delayed draw term loan facility.

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.