| Background |
| Phil Brown, Richard Harrison and Nick Keenan, founders and senior managers of Washington D.C. - based Global Securities Information, Inc. (GSI), created the world’s premier online securities research service for legal professionals, investment bankers and others seeking rapid, in depth access regulatory filings related to publicly traded securities. The company, often better known by its brand name LiveEdgar, was being used by over 20,000 active users at more than 1,200 firms including virtually all of the Am Law 100, 97 of the Top 100 Global Law Firms, and 80% of all law firms in the United States with more than one hundred (100) attorneys. They had 150 employees in 13 cities. The founders concluded that the time had come to join with a strategic partner. They engaged M&A to provide strategic and financial advice. |
| Overiew of Transaction |
- On July 21, 2005, GSI was acquired by Thomson West, a division of The Thomson Corporation (NYSE: TOC). Financial terms were not disclosed. Thomson West is a leading provider of legal research information in the U.S. and publisher of the Westlaw® online service, which contains more than 19,000 databases.
- The transaction allowed the GSI team to continue expanding its business in new ways and provided significant liquidity to the founders. It also helped Thomson to increase its penetration of transaction attorneys as well as the investment banking community.
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| M&A Role |
- M&A was the exclusive strategic and financial advisor to GSI.
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Press Release | Case Study |
