Firm assisted industry-leading portfolio company in managing exponential growth
SEATTLE, Wash. (March 10, 2015) – Columbia Pacific Advisors, LLC, a Seattle-based alternative investment firm, is pleased to announce its successful exit from portfolio company Lighthouse, a leader in technology-enabled ediscovery services. Lighthouse has secured a capital infusion from new equity partner Spire Capital. Columbia Pacific Advisors’ Growth Capital strategy initially provided financing to Lighthouse in 2012 and will retain a small interest in the business going forward. The exit represents a compelling multiple for the Growth Capital strategy’s limited partners.
“We are delighted to see this industry leading company partner with a respected private equity firm, and we wish Lighthouse continued success and growth,” said Jeff Schrock, Managing Partner of Columbia Pacific. “We saw Lighthouse as a rapidly emerging leader and innovator in the ediscovery field; it’s gratifying to see the company servicing leading Fortune 500 companies. We achieved our strategic goals, secured an attractive return for our limited partners, and assisted in positioning Lighthouse for continued prosperity. We couldn’t be more pleased.”
New York-based Spire Capital acquired a minority equity position in Lighthouse and will place several of its executives on the board. Lighthouse plans to use the growth capital to build out an East Coast operations center, a geographically-redundant data center, and expand into Europe.
“Columbia Pacific Advisors has been a supportive partner, offering both financial and operational guidance as we built our business,” said Brian McManus, CEO of Lighthouse. “Their ability to provide venture financing at a critical juncture in our growth cycle helped us accelerate our reach and address the needs of a variety of large corporate clients, including half of the Fortune 8.”
About Columbia Pacific Advisors, LLC
Columbia Pacific Advisors, LLC is a SEC registered advisor that manages assets of over $800 million in a variety of alternative investment strategies. The firm has deep experience in real estate, public and private equity, distressed debt and special situation lending. Columbia Pacific Advisors, LLC is headquartered in Seattle, WA.
Lighthouse guides clients through every aspect of ediscovery, from the simplest projects to the most complex, risky matters. Our experienced, dedicated client teams deliver with high velocity, unparalleled quality, and a pragmatic focus on lowering overall ediscovery costs. We develop highly innovative applications built on leading third-party technology, making it more effective and easier to use, and we custom-engineer solutions to specific client requirements. Our client-aligned approach has enabled us to form long-term relationships with many of the world’s leading corporations and top law firms who rely on Lighthouse to meet all of their ediscovery needs. For more information, visit www.lighthouseglobal.com.