Success Stories

Financial Sponsor Support: Apollo Management LP

"TPI was able to provide us with valuable market insights and practical help in evaluating our acquisition of SourceCorp.”"

Marc Becker, Partner, Apollo Management LP

Objectives

  • A private equity group led by Apollo was considering the potential acquisition of SourceCorp, a leading document management and healthcare industry business process outsourcing provider with 5,000 plus employees
  • The investors sought to gain additional insights into:
    • The target company’s market positioning
    • Prospective market growth
    • The prospective potential impact of shifting additional resources to an offshore service delivery model

Scope

TPI was able to work with Apollo to:

  • Provide a macroeconomic view of market size, growth factors and award dynamics
  • Diligence selected contracts for a view of their comparison to market norms and the potential impact of business model changes
  • Assist with a review of management’s business plans and SourceCorp’s processing sites
  • Review and opine on the prospective opportunities and risks of changing the onshore-offshore service delivery model

Results

  • TPI was able to assist Apollo in building an informed view of the market position and its opportunity/risks associated with taking SourceCorp private for a long-term strategic build
  • The acquisition of SoureCorp closed in July 2006