The Dolan Company and its subsidiaries have emerged from chapter 11 only 81 days after voluntarily filing for bankruptcy protection. As previously announced, the United States Bankruptcy Court for the District of Delaware confirmed the company’s plan of reorganization on June 9, 2014. Under the plan of reorganization, the company’s secured lenders are now the owners of The Dolan Company. Investment funds managed by Bayside Capital are the majority owner. Bayside Capital is an affiliate of H.I.G. Capital.
The restructuring also establishes DiscoverReady, formerly The Dolan Company’s e-discovery business, as a separate and independently managed operating company. DiscoverReady is also majority owned by investment funds managed by Bayside Capital.
The Dolan Company is a provider of professional services and business information to the legal, financial, and real estate sectors. The company’s Professional Services Division provides specialized outsourced services to the legal profession primarily through subsidiary Counsel Press. Counsel Press is the nation’s largest provider of appellate services to the legal community. The company’s Business Information Division publishes business journals, court and commercial media, and other highly focused information products and services, operates web sites, and produces events for targeted legal and professional audiences in each of the 19 geographic markets that it serves across the United States. The company is based in Minneapolis (www.thedolancompany.com).
Bayside Capital is an affiliate of H.I.G. Capital and has approximately $4.5 billion of capital under management. Bayside invests in middle-market companies across a spectrum of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. Typical investment size ranges from $10 million to $100 million. The firm has twelve offices throughout the U.S. and Europe and is based in Miami (www.bayside.com).
2014 PEPD • Private Equity’s Leading News Magazine • 6-13-14