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TCF Provides $28.3MM to Support Clearview Capital Refi of Xact Data Discovery

January 17, 2017, 07:17 AM
Filed Under: Technology

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF) announced that it acted as sole lead arranger and administrative agent on $28.3 million in secured financing to support Clearview Capital, LLC in the refinancing of its portfolio company, Xcellence, Inc. dba Xact Data Discovery, following multiple acquisitions by the company earlier in 2016.

Headquartered in Mission, KS, Xact Data Discovery (“Xact”) is a leading international provider of eDiscovery, data management and managed review services for law firms and corporations. Xact supports its clients with an end-to-end solution across the legal discovery process and helps its clients optimize their eDiscovery matters by orchestrating pristine communication between people, processes, technology and data. Xact’s services include forensics, eDiscovery processing, hosting, project management and managed review.

“We are very pleased to have built upon our existing support of Clearview’s investment in Xact Data Discovery by providing this additional secured funding for the company’s refinancing needs following multiple recent acquisitions,” said TCF Capital Funding Vice President Scott Nielsen.

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