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THE DEAL: Epiq Systems grabs De Novo Legal

Date: 30-Dec-2011

Epiq Systems Inc., a provider of technology solutions for the legal profession, has acquired e-discovery provider De Novo Legal LLC for $68 million plus contingent considerations based on growth. Epiq already has e-discovery operations in New York, Phoenix, London and Hong Kong. With the addition of De Novo, which was founded in New York 10 years ago, the Kansas City, Kan.-based acquirer stands to increase revenue attributed to its e-discovery segment by 30% to 40%. De Novo received financial advice from Peter J. Solomon Co., whose team on the transactions was headed by managing director Rich Brail and included associate director Juan Mejia and analysts Ben Zinder and Greg Nugent. —Richard Morgan

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