Daily News: December 6, 2017

TCF Capital Provides $17.8MM to Support HaystackID Recap

TCF Capital Funding provided $17.8 million in secured financing to support Knox Capital Holdings and Maranon Capital in the recapitalization of HaystackID.

Boston-based HaystackID provides a full and growing array of electronic discovery services to law firms and corporations across the U.S. and the globe. HaystackID’s services include forensic triage, identification and collection, data preservation, processing and analysis, and managed review. In the face of rapidly proliferating legal challenges presented by an evolving landscape of enterprise technology, the company’s goal is to work collaboratively with clients to lower overall spend and minimize risk while improving efficiency.

“With this, our second such transaction in the eDiscovery space, we are very pleased to have participated with a firm as well differentiated in its market as HaystackID,” said Scott Nielsen, TCF Capital Funding vice president.

Knox Capital was created to provide capital and hands-on operating resources for founder and entrepreneur-owned middle market businesses under flexible investment horizons through long-term focused private investors.

Maranon Capital is an alternative investment management firm focused on private credit investments in middle market companies.