Symphony Technology Group to Acquire the LexisNexis Screening

Symphony Technology Group to Acquire the LexisNexis Screening
Business From Reed Elsevier 
Symphony to Combine First Advantage With LexisNexis Screening to
Create a Global Leader in Talent Acquisition Solutions 
ST. PETERSBURG, FL -- (Marketwire) -- 01/17/13 --  First Advantage, a
Symphony Technology Group (STG) company and a leading global provider
of comprehensive talent acquisition solutions, today announced that
it has entered into a definitive agreement to acquire the employment
and resident screening business of LexisNexis Risk Solutions, a
division of Reed Elsevier. As a result of the acquisition, First
Advantage becomes a global leader in talent acquisition solutions
with a focus on technology-enabled background screening solutions and
services. The combined company will utilize its powerful data,
analytics and technology capabilities to deliver even more value to
its global customers in North America, Europe, China, India and
throughout Asia, in financial services, retail, healthcare,
manufacturing and other key verticals. 
"The combination of these two leading companies will transform how
employers select and screen their employees, dramatically improving
the quality of their talent and their recruiting processes and
productivity," said Dr. Romesh Wadhwani, Chairman and CEO of
 Symphony
Technology Group. "The customers of First Advantage and LexisNexis
now have access to the industry's broadest set of services and
expertise and the best technology and solutions for acquiring and
retaining the best and most skilled talent available." 
Through this acquisition, First Advantage becomes a global leader in
providing tens of thousands of employers around the globe a broad
range of solutions designed to improve talent acquisition efforts and
reduce hiring risk. The addition of the LexisNexis' screening
business also further strengthens First Advantage's position in key
industries including financial services, transportation, healthcare
and volunteer and non-profit. Moreover, as LexisNexis has a
particularly strong presence in the retail sector, the acquisition
enables First Advantage to broaden its position in the rapidly
growing retail industry. 
"By bringing together each team's strengths and experience in these
two organizations, First Advantage is able to help employers in a
wide range of market sectors implement high-level background
screening processes that ensure they find the right people who can
make a positive impact on their companies," said Jack Freker, CEO of
First Advantage. "The combination of First Advantage and the
LexisNexis' screening business positions us as the most comprehensive
and technologically advanced source for talent acquisition services
in the world." 
Additionally, as LexisNexis is a leading provider of tenant screening
services for large property management companies, First Advantage
plans to further diversify its service offering to meet the growing
demand for effective screening solutions for multifamily housing. 
"After reviewing our business needs and strategic goals, we found
that that there was a greater opportunity to accelerate the growth of
the LexisNexis screening portfolio with First Advantage," said Mark
Kelsey, CEO, LexisNexis Risk Solutions. "As First Advantage is
focused on talent acquisition solutions, the company fully
understands the importance of background screening to organizational
success and can take the screening business to the next level." 
BofA Merrill Lynch acted as financial advisor to First Advantage on
the transaction and BofA Merrill Lynch and Tennenbaum Capital
Partners, LLC, including its affiliate TCP Capital Corp., provided
the financing. 
The acquisition is expected to close in early March 2013, subject to
customary closing conditions. 
About Symphony Technology Group
 Symphony Technology Group (STG) is a
strategic private equity firm with the mission of investing in and
being a partner in building great software and services companies. In
addition to capital, STG provides transformation expertise to enable
its portfolio companies to deliver more value to clients to retain
and attract the best talent and to achieve best-in-class business
performance. All STG portfolio companies are expected to grow through
innovation. STG's current portfolio consists of 12 global companies
with combined revenue of approximately $2.5 billion and thousands of
employees spread across North America, Europe and Asia. For more
information, please visit www.symphonytg.com 
About First Advantage
 First Advantage is a global leader in
providing talent acquisition solutions and services, including
background screening, recruiting solutions, skills assessment and
skills-related tax services. First Advantage's proprietary solutions
are based on its distinctive capabilities in data, analytics and
technology and its domain expertise. First Advantage's headquarters
are in St. Petersburg, Florida, and it has offices throughout North
America, Europe, China, India and other locations in Asia. More
information about First Advantage can be accessed at www.fadv.com 
About LexisNexis Risk Solutions
 LexisNexis Risk Solutions is a
leader in providing essential information that helps customers across
all industries and government predict, assess and manage risk.
Combining cutting-edge technology, unique data and advanced scoring
analytics, Risk Solutions provide products and services that address
evolving client needs in the risk sector while upholding the highest
standards of security and privacy. LexisNexis Risk Solutions is part
of 
Reed Elsevier, a leading global provider of professional
information solutions across a number of sectors. 
Media Contact:
Matthew Stotts
Tenor Communications
650.200.3163 
 
 
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