Opus Bank’s Corporate Finance division provides senior debt financing to support the recapitalization of DecisionQuest, Inc.
Overview of Transaction
DecisionQuest, Inc. (“DecisionQuest”) was founded in 1991 and is headquartered in Torrance, California. The company has 10 offices nationwide and is a leading litigation consulting firm that provides clients with an array of pre and post-trial consulting services.
DecisionQuest trial consulting services include venue evaluation research, bench study or arbitration panel study, damages analysis and control research, initial case assessment, jury profiling research, opening statement study, post-trial analysis, post-trial jury interviews, shadow jury, solution generating research, strategy development, strategy development research, and witness evaluation research.
Significance of Transaction
DecisionQuest engaged in an Employee Stock Ownership Plan (“ESOP”) of the company in 2010. Opus Bank (“Opus”) was able to refinance the high-priced mezzanine debt with a lower cost of capital, which ultimately helped support stronger cash flow for the business.
The transaction also allowed the company to start paying down their debt, which in turn creates value in the ESOP plan for all of their employees.
Opus Bank's Role
Opus was able to provide a senior secured term loan and a line of credit to support the recapitalization and continued growth of the business.