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Capital Southwest Leads Recapitalization of Driven

July 09, 2019, 09:00 AM
Filed Under: Legal

Capital Southwest Corporation (CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced that it led a recapitalization of Driven, Inc. (Driven), a leading provider of eDiscovery consulting services.  Capital Southwest provided a first lien term loan and will act as the sole investor and administrative agent for the credit facility.

"We are excited about our new partnership with Driven and its management team,” said Matt Darrah, Principal of Capital Southwest. “We are impressed by Driven’s management team and its ability to drive cost out of litigation and to serve its law firm and corporate clients effectively.  Driven has developed the tools and products needed to support the growing volume and complexity associated with the eDiscovery market.”

“We are pleased with the selection of Capital Southwest as our financing partner.  Capital Southwest delivered an attractive financing solution with the capital and flexibility that will help Driven achieve its growth potential,” said Ozzy Jimenez, CEO of Driven, Inc.

Founded in 2001 and headquartered in Falls Church, Virginia, Driven, an eDiscovery consultancy and information management company that supports customers across the data lifecycle primarily as it relates to litigation support. Within eDiscovery, the Company offers a full spectrum of solutions to clients through a combination of consulting, technology resale, forensics, managed review, production, and hosting. Through its Update Legal division, the Company also offers a comprehensive suite of legal staffing services, further enhancing Driven’s ability to serve as a one-stop provider for litigation support and eDiscovery services.

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