Barkley is a leading provider of court reporter and filing technology services for law firms and corporations. Barkley was founded in 1972 with a mission to give lawyers anytime, anywhere access to like-minded court reporters. Over the past decade, the company has expanded its service offering and established itself as a major player in court reporter and deposition technology. PHILADELPHIA, Dec. 05, 2018 (GLOBE NEWSWIRE) — CIVC Partners, L.P. (“CIVC”), a Chicago-based mid-market private equity firm focused on investments in the business and financial services sectors, is pleased to announce the Company`s investment in Magna Legal Services (“Magna” or the “Company”) in partnership with the management team. CIVC Partners is a Chicago-based private equity firm that invests in high-growth mid-market companies in business and financial services. Since 1989, the team has invested $1.6 billion in 62 platform companies and currently invests from CIVC Partners Fund V. For more information on CIVC partners and portfolio companies, please visit www.civc.com. The partnership with Magna builds on CIVC`s experience in investing in the outsourced business services sector. Other representative investments in outsourced commercial services include KPA (compliance services provider), Yellowstone Landscape (commercial landscaping service provider), Magnate Worldwide (low-asset logistics service provider) and GPRS (private location services provider). Providers of litigation support services to law firms, corporations and government agencies in Philadelphia, Pennsylvania.

The firm provides court reporter, jury evaluation and consultation services in translation, video, graphic design and recording retrieval, enabling organizations and clients to provide support services at every stage of their litigation. Scott Schwartz, Partner at CIVC, commented, “Magna is a leader in a highly attractive industry characterized by recurring revenues, limited cyclicality and a fragmented base of smaller competitors. We look forward to working with Bob Ackerman, Mark Calzaretta, Peter Hecht and Jon Ackerman to help the company accelerate its organic growth and pursue strategic acquisitions.” Doug Potters, Director at CIVC, added: “Magna is a tremendous investment opportunity for CIVC and fits perfectly with our experience investing in growing business services companies operating in highly fragmented industries and benefiting from strong outsourcing trends. KTA is a leading provider of court filing and retrieval services to approximately 1,500 law firms and businesses. Founded in 2009, KTA has established itself over the past decade as one of the largest independent providers of court reporter and case recovery services in Texas. Magna provides litigation assistance to more than 2,000 law firms and corporations in the United States. The firm assists clients at all stages of litigation, including court reporter, jury evaluation and counseling, translation, video, graphic design and recording retrieval services. Founded in 2007, Magna has established itself over the past 11 years as one of the industry`s leading providers of process support services. For more information about Magna, see www.magnals.com. NEW YORK & PHILADELPHIA–(BUSINESS WIRE)–Odyssey Investment Partners, LLC (“Odyssey”), a growth-oriented mid-market private equity firm, today announced that it has signed an agreement to acquire Magna Legal Services (“Magna”), a provider of litigation support services, from CIVC Partners, LP (“CIVC”). Financial terms of the transaction, which is expected to close in the fourth quarter, were not disclosed. Both companies are known for providing exceptional service to their customers.

The combined company is designed for customers – a company with extensive capabilities and geographic reach coupled with a commitment to providing exceptional service. “This combination will create 80 years of experience in the industry and combine strength and strength in our forensic reporter and medical records retrieval services. In addition, our KTA clients now have access to a variety of litigation support and advisory services. I am very happy for our clients, employees and court reporters,” said Kim Tindall, President of KTA. With more than 500 employees, 3,500 court reporters, 5,000 interpreters and 40 litigators in 20 locations across the United States, Magna LS and KTA will together be one of the largest litigation support and consulting firms, both in size and service. “We view Magna as an exceptional company building a unique legal services platform, and we look forward to working with this experienced management team to help them achieve their growth goals,” said Jeff Moffett, Managing Director at Odyssey. CIVC Partners is a Chicago-based private equity firm founded in 1970 to provide growth capital to entrepreneurs and founders. Since 1989, CIVC has invested more than $2.0 billion in 76 platforms, primarily as growth and buyout capital, with founders and executives of mid-market companies, primarily in the business services space. For more information on CIVC partners and portfolio companies, please visit www.civc.com. Magna is a leading provider of litigation support services to law firms, corporations, insurance companies and government agencies, offering a wide range of services to assist clients at all stages of litigation, including court reporter, translation, videography, file retrieval, evaluation and jury advice.

graphic design and litigation services. For more information about Magna, see www.magnals.com. “Magna is the perfect next chapter for Barkley,” said Mason Farmani, Barkley`s Chief Executive Officer and Managing Partner. “We are very excited to join forces and be part of a major industry leader like Magna and believe it will allow us to provide even better services to our customers while accelerating the growth of our business. I look forward to seeing what this partnership will bring to our clients, court reporters and our team.” “We chose to partner with Odyssey because they have a strong track record of supporting management teams looking to continue to grow and grow their business,” commented Mark Williams, CEO of Magna. “Over the past fifteen years, we have been able to grow our business both organically and through a proven acquisition platform. Odyssey shares our vision for the future, and we are committed to leveraging the extensive expertise and resources of its team as we continue to execute our ambitious business plan and build the leading firm in the legal services market. We thank CIVC for the partnership of the last few years. Thanks to their support, investment and ideas, we have achieved lasting success. Magna provides litigation support to more than 13,000 law firms, corporations, insurance companies and government agencies. The firm provides essential support to clients throughout litigation, including court reporters, translation, videography, recording retrieval, jury evaluation and advice, graphic design and process presentation services.

Founded in 2007, Magna has established itself as one of the industry`s leading providers of process support. The company is headquartered in Philadelphia and has a national presence with offices in the United States serving clients in all 50 states. “Magna is the ideal new owner for KTA,” said Kim Tindall, President of KTA. “Magna`s size and reputation make it a perfect home for the KTA team. We are excited about this new partnership with Magna, which will offer an expanded range of products and services that will allow us to better serve our customers and further accelerate our growth.” Houlihan Lokey acted as financial advisor and Latham & Watkins LLP acted as legal advisor to Odyssey. Harris Williams LLC acted as financial advisor and Ropes & Gray LLP acted as legal advisor to Magna. Barkley represents a highly complementary acquisition for Magna, expanding Magna`s existing court reporter capabilities. “Barkley is a perfect fit for Magna,” said Mark Williams, Magna President and CEO. “We share a common goal of providing our customers with world-class quality of service and support. We look forward to working with Barkley. Peter Hecht, founding partner and executive vice president of sales at Magna, said: “Barkley is a great addition to Magna and provides significant coverage to our West Coast customers. We look forward to working with the Barkley team to continue to provide exceptional service while providing the convenience of one-stop benefits with the launch of our medical records and litigation retrieval consulting services.

Jeff Moffett, Chief Executive Officer of Odyssey, said: “Magna is a compelling opportunity to build on Odyssey`s successful history of investing in outsourced and network-based enterprise services companies.