Milestone Partners has announced the formation of Callidus Holdings as a platform to build an integrated legal support services firm as well as the debut transaction for Callidus, the r
Milestone Partners has announced the formation of Callidus Holdings as a platform to build an integrated legal support services firm as well as the debut transaction for Callidus, the recapitalisation of Black Letter Discovery.
Callidus will provide end-to-end solutions to corporations and law firms involved in litigation or other matters requiring the identification, organisation and review of large volumes of documents and electronic data.
Milestone formed Callidus in partnership with chief executive Joseph Amella, an industry veteran with over 25 years of experience in the professional services industry.
In December 2008 Callidus recapitalized Black Letter Discovery, a provider of discovery and document review solutions to law firms and corporate legal departments based in San Francisco.
Black Letter Discovery provides temporary attorney staffing, review facilities and project management services through a national footprint.
John Sanchez and George Mandella, Black Letter Discovery’s founders, will continue to run the business.
Brooke Hayes, a partner with Milestone (pictured), says: ‘Milestone is excited to partner with Joe Amella, who is a proven leader in the professional services arena. We are looking forward to building a leading one-stop solution for law firms and corporations for all of their legal support service needs.’
Amella adds: ‘Milestone’s proven ability to grow middle market companies by bringing together talented people and resources will allow Callidus to expand rapidly and provide exceptional value to its customers. And we are off to a great start with Black Letter Discovery.’
Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses.
Acquest International advised Callidus on the transaction.