Symphony Technology Group's Acquisition of LexisNexis Screening Business Closes

Symphony Technology Group's Acquisition of LexisNexis Screening Business Closes 
Deal Combines First Advantage With LexisNexis Screening, Creating a
Global Leader in Growing Industry 
ST. PETERSBURG, FL -- (Marketwire) -- 03/04/13 --  First Advantage, a
Symphony Technology Group (STG) company and a leading global provider
of comprehensive talent acquisition solutions, today announced that
its acquisition of the employment and resident screening business of
LexisNexis Risk Solutions, a division of Reed Elsevier, has closed.
As a result of the acquisition, First Advantage becomes the global
leader in screening analytics and identity solutions, delivering the
largest global platform and the broadest global footprint in the
industry. The acquisition was announced in January. 
The combined company will focus on technology-enabled background
screening solutions and risk mitigation services, utilizing its
powerful data, analytics and technology capabilities to deliver
substantial value to its global customers in North America, Europe,
China, India, and throughout Asia. Through this acquisition, First
Advantage becomes a global leader in providing companies a broad
range of solutions designed to provide employers and property
owners/managers the high-value workforce and tenants they need to
succeed and win in the market.  
The addition of the LexisNexis' screening business further
strengthens First Advantage's position in key industries including
financial services, transportation, healthcare, manufacturing, 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 this rapidly growing and dynamic
industry. LexisNexis is also a leading provider of resident screening
services for large property management companies allowing First
Advantage to further diversify its suite to meet the increasing
demand for effective screening solutions for multifamily housing.
Through the acquisition, First Advantage will continue to provide
best-in-class services to clients with a focus on account management,
support and service time delivery. 
"The combination of First Advantage and LexisNexis creates
unprecedented global scale that will drive accelerated investment in
innovative products, services, technologies, and predictive screening
analytics as portfolio companies of Symphony Technology Group," said
Dr. Romesh Wadhwani, Chairman and CEO of Symphony Technology Group.
"First Advantage and LexisNexis clients worldwide will now have
access to the industry's most comprehensive set of services and
solutions for acquiring and retaining the most skilled talent
available." 
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. 
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 
Matthew Stotts
Tenor Communications 
matthew@tenorcom.com 
415-786-2231   
 
 
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