Technology
Enabling technology transformation in the legal sector
We utilised our industry and asset class expertise to put in a market-leading financing solution, and complete and fund the transaction within 40 days.
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| Sector | Technology |
| Sub-sector | Software |
| Location | Canada |
Opportunity
Based in Canada, Dye & Durham is a leading provider of cloud-based software and technology solutions designed to boost efficiency and productivity for legal and business professionals. Its core products include legal search platforms and conveyancing workflow software.
Approach
The Company was looking to refinance its existing capital structure shortly after closing on two acquisitions, and were looking to find a capital partner with the ability to transact within a quick timeframe and fund future growth.
Outcome
Macquarie and a partner provided a $C200m facility. The financing solution met the client’s requirement for a capital return without shareholder dilution and the transaction was completed and funded within 40 days.
The Macquarie difference
We were able to utilise our industry expertise and flexible balance sheet to provide a new revolving credit and unitranche facility for the Company and execute on an expedited timeline.
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