General Electric Company (NYSE:GE)’s division, GE Capital recently announced that the financing business of Telecom, Media and Technology will act as the administrative agent in a Unified OS- Inventus Solutions deal. TMT or Telecom, Media and Technology will serve as the agent for senior secured credit facility so as to assist Unified OS Ltd’s acquisition by Inventus Solutions, Inc. GE Capital said that it served as the book runner and the only lead arranger on the deal.
Inventus’ Significant European Expansion
Chicago-based Inventus, is the provider of technology-enabled EDD or electronic data discovery. It also has in its portfolio, other services like managed services to global law firms, Fortune 1000 ventures as well as Government agencies. By acquiring Unified; Inventus will be able to reach a landmark of increased expansion and growth in European market. Also, the objective of Inventus to add yet another feature of managed review platform in its services cap will be fulfilled through the deal.
The combined company will serve as the full LPO or legal process outsourcing firm at the global level. This new company shall be able to offer its target clients, the services in a range of jurisdictions, across the length and breadth of the world.
Financial relation with GE Capital
Meanwhile, GE’s financial aid will assist this deal in the tech industry. General Electric Company (NYSE:GE) serves as a perfect partner for finance because it shall be providing 100% credit facility in the deal, while also underwriting and quickly executing the plan.
The Managing Director of TMT business (of GE Capital), Matthew Fleming said that this will prove to be an invaluable strategic deal because of the excellent position of Inventus in EDD market. This will help in creating a position for the company for further growth and business development. GE will offer financial support, along with management assistance to this deal.