MetaSource closes dividend recap, debt refinancing


MetaSource, a portfolio company of LaSalle Capital, has completed a debt refinancing and dividend recap. Financial terms weren’t announced. MetaSource, of Draper, Utah, offers services including business process management and content management solutions delivered via premise-based and SaaS-based platforms.

PRESS RELEASE
March 13, 2018 – Chicago, IL – LaSalle Capital (“LaSalle”) and its portfolio company, MetaSource (“MetaSource” or the “Company”), are pleased to announce the completion of a debt refinancing and dividend recapitalization. The transaction bolsters the Company’s capital base, allowing it to continue its acquisition strategy while generating significant liquidity for shareholders. LaSalle remains the controlling shareholder post-transaction.
MetaSource, based in Draper, UT, is a technology-enabled BPaaS company with a focus on the financial services industry. MetaSource offers a full range of services, including business process management and content management solutions delivered via premise-based and SaaS-based platforms. The Company’s proprietary technology solutions help customers achieve organizational efficiencies, streamline processes, and manage compliance risk.
Ryan Anthony, Partner at LaSalle and MetaSource board member stated, “We are pleased to have executed this transaction to generate returns for MetaSource shareholders and look forward to helping management through the next phase of growth.” MetaSource’s CEO, Adam Östhed, added, “We are excited to retain LaSalle as a strategic partner as our growth continues to accelerate.” If you have questions regarding this transaction or would like to discuss other opportunities in the technology-enabled business services industry, please contact Ryan Anthony or Nick Christopher of LaSalle Capital at (312) 236-7041.
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $345 million in capital. LaSalle has a proven track record of partnering with management teams to increase value in our companies by providing strategic operating focus and driving growth organically and through acquisitions. We have domain expertise and investment focus in two industry sectors: food and beverage and technology-enabled business services.

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