Warburg Deals MLM Info Services

Corporation Service Co., the business consulting and solutions company, will acquire MLM Information Services, the tax management and compliance services firm, from private equity firm Warburg Pincus. CSC did not disclose a purchase price. Wells Fargo Securities acted as financial advisor to CSC, and Skadden, Arps, Slate, Meagher & Flom LLP provided legal advice. Willkie Farr & Gallagher LLP provided legal advice to Warburg Pincus and MLM Information Services.

PRESS RELEASE:

Corporation Service Company to Acquire MLM Information Services Including Corptax and Tax Compliance Inc.
Wilmington, DE: (www.cscglobal.com) – Corporation Service Company® (CSC®), a leading global business, legal and financial solutions provider, announced today that its parent company has signed a definitive agreement to acquire MLM Information Services, one of the industry’s foremost corporate tax management and compliance solutions firms, from Warburg Pincus, a leading global private equity firm.
MLM Information Services offers business solutions through its wholly owned subsidiaries, Corptax Inc. and Tax Compliance Inc. (TCI). Corptax and TCI provide software, information, and services to corporate tax departments and professional services firms that enable them to comply with regulatory requirements and streamline their business processes.
“The acquisition of MLM Information Services enhances our service capabilities and the solutions we offer our clients,” said Rodman Ward III, CSC president and CEO. “The union of these two complementary companies combines legal and tax compliance solutions, and it improves our offering in the corporate compliance business, which has been a cornerstone of our 112-year history of success.”
Corptax delivers mission-critical solutions for accurate tax accounting, preparation and reporting. TCI’s PTMS® platform is the tool-of-choice for corporate property tax compliance automation. Fortune 500® companies and businesses of all size currently depend on MLM Information Services’ corporate tax solutions, which will provide a strong complement to CSC’s business services and workflow solutions.
“CSC is a great match for MLM Information Services, with its complementary businesses and shared values,” said Mason Slaine, chairman of MLM Information Services. “The business will build off the success of its partnership with Warburg Pincus and continue its growth trajectory as part of CSC.”
“CSC and MLM Information Services share a dedication to excellence in business compliance solutions, and CSC believes in the MLM vision of a single system of record and process for tax,” said Dave Shea, MLM Information Services CEO. “By joining forces, we will combine our respective strengths to build a global compliance framework that is positioned to respond to the needs of a growing and rapidly changing marketplace.”
Wells Fargo Securities acted as financial advisor to CSC, and Skadden, Arps, Slate, Meagher & Flom LLP provided legal advice. Willkie Farr & Gallagher LLP provided legal advice to Warburg Pincus and MLM Information Services.
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About CSC
Corporation Service Company, a privately owned service organization, provides matter management, corporate compliance, and trustee services to companies and law firms worldwide; corporate identity protection services to top global brands; and due diligence and transactional services to the world’s largest financial institutions. Founded in 1899, CSC has more than 1,100 employees located throughout North America and Europe. To learn more about CSC, visit www.cscglobal.com.
About MLM Information Services
MLM Information Services LLC is a leading provider of corporate tax software solutions through its wholly owned subsidiaries, Corptax Inc. and Tax Compliance Inc. (TCI). Corptax and TCI provide software, information and services to corporate tax departments and professional services firms to enable them to comply with regulatory requirements and streamline their business processes. MLM is owned by Warburg Pincus, one of the world’s largest private equity firms, and by Mason Slaine, chairman of MLM. More information is available at www.corptax.com and www.taxcomp.com.
About Warburg Pincus
Warburg Pincus is a leading global private equity firm. The firm has more than $30 billion in assets under management. Its active portfolio of more than 125 companies is highly diversified by stage, sector and geography. Warburg Pincus is a growth investor and an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 13 private equity funds which have invested more than $40 billion in over 650 companies in more than 30 countries. Since inception, the firm has invested more than $13.5 billion in technology, media and telecommunications including investments in BEA Systems, BhartiAirtel, Covad Communications Group, FIS, Institutional Shareholder Services, iParadigms Holdings LLC, MLM Information Services LLC, NeuStar, Nuance Communications, RDA Microelectronics Inc., UGS Capital Corp., VERITAS Software, Wall Street Systems and Ziggo. The firm is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, Mauritius, Mumbai, San Francisco, Sao Paulo and Shanghai. For more information, please visit www.warburgpincus.com.