Odyssey Investment Partners (Odyssey), a growth-oriented middle-market private equity firm, is to acquire Magna Legal Services (Magna), a litigation support services provider, from CIVC Partners (CIVC). Financial terms of the transaction, which is expected to close in the fourth quarter, have not been disclosed.
Magna provides litigation support services to over 13,000 law firms, corporations, insurance carriers, and government agencies.
The existing senior management team, including Chief Executive Officer Mark Williams, Founders Mark Calzaretta and Peter Hecht, as well as Jon Ackerman, Tony Vaglica, and Matt Chiappa will continue to lead the Company and have invested alongside Odyssey in the transaction.
Houlihan Lokey served as financial advisor and Latham & Watkins LLP served as legal counsel to Odyssey. Harris Williams LLC served as financial advisor and Ropes & Gray LLP served as legal counsel to Magna.
