HIG Bayside Capital (HIG Bayside), the special situations affiliate of HIG Capital, has sold its portfolio company, DiscoverReady to Consilio, a specialist in eDiscovery, document review, risk management, and legal consulting services.
Based in Charlotte, NC, DiscoverReady is a leading provider of end-to-end eDiscovery services including best-in-class offerings in managed review, processing, hosting and information governance. The Company supports corporations and multinational law firms on complex investigation, litigation and compliance matters.
HIG Bayside recapitalised the Company in 2014, and over the last four years has supported the Company’s significant investments in new service offerings, technology, and marketing. These investments positioned DiscoverReady to capitalise on the growing demand for eDiscovery services, which has resulted in rapid growth at the Company.
Sean Britain, HIG Bayside Managing Director, says: “We are proud to have supported CEO James Schellhase and the talented DiscoverReady team during an exciting period of growth for both the Company and the industry. Our investments, coupled with management’s execution, have resulted in a successful outcome for management, HIG, and its investors. We look forward to the Company’s continued success.”
Schellhase, CEO of DiscoverReady, says: “HIG has been a great partner to the Company over the years. Their guidance and support enabled DiscoverReady to become a market leader in our industry and has laid the groundwork for continued growth for years to come.”
