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New York | April 2008
Leading Expert Witness And Consulting Company Poised To Continue Growth
Praesidian Capital Investors, a leading provider of mezzanine capital for small and mid-sized companies, has provided $10 million of senior subordinated debt to support the management-led recapitalization of Resolution Economics, LLC, one of the nation's premier labor economics and statistical consulting firms.
Resolution Economics provides sophisticated economic and statistical analysis, as well as information collection and data management services, in support of various litigation and non-litigation matters. The firm targets a variety of litigation practice areas, including labor and employment, breach of contract, commercial damages, insurance coverage, intellectual property, mass-tort and real estate. The firm’s clients include major law firms, Fortune 500 Companies, government agencies and insurance companies, as well as smaller companies and single plaintiffs.
“We are excited about the opportunity to partner with Dr. Ali Saad, Robert Crandall and their entire management team,” said Jason Drattell, Managing Partner at Praesidian. “Resolution Economics has clearly established itself as a leader in the area of labor and employment litigation, providing economic and statistical consulting. They are well positioned to enjoy continued growth.”
“Praesidian’s experience executing transactions that position small and mid-market companies for growth was immediately evident,” said Dr. Ali I. Saad, Managing Partner of Resolution Economics. “With Praesidian as our partner, I am confident we will continue to provide high quality analytics to clients and enhance our leadership position in this category.”
About Praesidian Capital Investors
Praesidian Capital partners with small and mid-sized businesses, providing private debt capital. With a focus on its core competency in mezzanine financing, Praesidian invests in established, historically profitable companies often in connection with a management/leveraged buyout, recapitalization or refinancing. Based in New York City, Praesidian manages over $400 million in committed capital. For more information, visit www.praesidian.com.
About Resolution Economics, LLC
Resolution Economics, LLC is one of the nation's premier labor economics and statistical consulting firms, with extensive experience in analyzing class action allegations of discrimination in hiring and initial placement, promotions and placements into coveted positions, pay equity and terminations. The firm is a leader in providing analyses in connection with the certification and merits phases of the burgeoning wage and hour class action arena. The firm also has significant experience analyzing economic damages in class action, multi-plaintiff and single plaintiff cases and has presented expert witness testimony in both state and federal courts. The firm was founded in 1998, and traces its professional roots back to Price Waterhouse's Employment Economics Group.
Media Contact: Dan Jacobs
Broadgate Consultants LLC
Phone: 212 232 2227
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