| GROWTH CAPITAL PARTNERS, L.P. ANNOUNCES
THAT PRESCOTT LEGAL SEARCH, INC. AND PRESCOTT LEGAL
PROFESSIONALS, L.P. HAVE BEEN ACQUIRED BY SPECIAL
COUNSEL, A DIVISION OF MPS GROUP, INC.
Houston, TX (December, 2007) - Growth Capital
Partners, L.P. (“GCP”) a Houston-based
investment and merchant banking firm, is pleased
to announce that Prescott Legal Search, Inc.
and Prescott Legal Professionals, L.P. have been
acquired by Special Counsel, a division of MPS
Group, Inc. Terms of the transaction were not
disclosed. GCP served as the exclusive financial
advisor to Prescott for this transaction.
Prescott Legal Search, Inc. and Prescott Legal
Professionals, L.P. (“Prescott”)
are Texas’ premier providers of permanent
and contract legal staffing services. Based in
Houston and with offices in Dallas and Austin,
Prescott provides full-time and contract attorneys
to law firms and corporate legal departments
throughout Texas.
Special Counsel, the legal staffing division
of MPS Group, Inc., is the largest provider
of legal staffing services to corporate legal
departments and law firms nationwide. Special
Counsel’s services include customized
staffing and project management for e-discovery
and document review projects.
“The legal staffing sector is the fastest
growing area within the staffing industry with
buyers aggressively seeking to enter or expand
their operations in this attractive niche,” commented
John Niehaus, Director of Staffing Services
and Human Capital Management for Growth Capital
Partners. “Prescott is one of the largest
and most highly regarded independent legal
staffing businesses in Texas. It served as
a perfect fit for the expansion of Special
Counsel’s presence in the Texas market.”
About Growth Capital Partners, L.P.
Founded in 1992, Growth
Capital Partners, L.P. (www.growth-capital.com)
is an investment and merchant banking firm
that provides financial advisory services to
both private and public middle-market companies,
with a specialty M&A practice devoted specifically to
the staffing and IT staffing industries.
GCP also focuses extensively on the private
equity marketplace. Since its inception,
GCP has completed in excess of 200 transactions,
raised more than $1 billion of institutional
capital (through private placements of equity,
subordinated, and senior debt), and completed
M&A transactions with an aggregate value
in excess of $3.0 billion.
For additional information, please contact:
Growth Capital Partners, L.P.
John Niehaus
281/445-6611
jniehaus@growth-capital.com
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