New York-based private equity firm Harvest Partners, LP has “recapped” Document Technologies, Inc., an Atlanta, Georgia-based independent provider of outsourced litigation support services, including facilities management services and electronic and paper discovery solutions.
According to a written statement, the transaction, whose amount was not publicized, resulted in a successful liquidity event for Quad-C Partners VII, L.P.
The management team, including Founder, President and CEO, John Davenport, Jr., will continue to lead the company.
Senior debt was arranged by GE Capital and Golub Capital and mezzanine debt by Carlyle Mezzanine Partners.
Founded in 1998, DTI services top law firms, Fortune 500 companies and hundreds of small and mid-size corporations and law firms nationwide. It operates 27 facilities and has a presence in more than 70 markets across the U.S.
In conjunction with the investment, Ira D. Kleinman and Andrew M. Schoenthal of Harvest will be joining DTI’s Board of Directors.