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TCF Capital Funding Provides $22.5MM Financing to Cottonwood Acquisitions

February 14, 2017, 07:00 AM
Filed Under: Legal

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation announced that it provided $22.5 million in secured financing to support Cottonwood Acquisitions in its recapitalization of PRCCW Holdings LLC. Midwest Mezzanine Funds also contributed mezzanine capital to the recapitalization.

PRCCW provides value-added services to law firms engaged in complex, multi-party litigation cases. The Company’s products and services include: (i) deposition transcription and associated online tools used to manage the deposition process and transcript distribution, and (ii) online tools which help manage other aspects of litigation including document service and records procurement and distribution. The firm’s advanced software engine and streamlined information delivery platform provide significant time and cost savings to its clients in litigating complex cases that require the collection and management of large volumes of data.

“We are excited to partner with Cottonwood Acquisitions and PRCCW to support their recapitalization. PRCCW has established itself as a top-tier provider of technology-driven court reporting and litigation support services. The Company’s technology platform and nationwide network of court reporters have allowed it to effectively manage multi-party litigation cases, engendering long-term relationships with its clients. We believe the partnership between PRCCW and Cottonwood Acquisitions will enhance the Company’s efforts to expand its offering of services,” said Kevin Nowak, TCF Capital Funding Senior Vice President. 

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