Stroz Friedberg, a global provider of technical assistance and strategic advice to help clients effectively manage electronic information, has received a $115m investment from New Mountain Capital.
The proceeds from the investment will be used to accelerate the company’s growth. The firm plans to to establish offices both domestically and globally, in Europe, the Middle East, and Asia, as well as broaden its service offerings beyond digital forensics, electronic discovery, cyber-crime response, and investigations to include forensic accounting and intelligence services for businesses.
Following the transaction, New Mountain Capital, a New York based investment firm, will own approximately 50% of Stroz Friedberg, with the remaining ownership shared by Greenhill Capital Partners II LP, Stroz Friedberg’s initial private equity investor, and Stroz Friedberg’s employees.
In addition, Mr. Stroz and Mr. Friedberg will continue as Co-Presidents and will be joined on Stroz Friedberg’s board of directors by Fred Salerno, Raj Gupta, Myron Trepper, and Alok Singh, who will serve as Lead Director. Robert Niehaus and Dhiren Shah will continue serving on the board representing Greenhill Capital Partners.
FinSMEs
01/10/2010