HandsOn³, LLC Completes Acquisition of BancTec, Inc.

SAnta Monica, CA - 3 April 2014

HandsOn³ (“HGM”), a global buyout manager based in Santa Monica, CA, announced today that one of its affiliated funds along with Delos Capital Management (“Delos”) has completed the previously announced acquisition of BancTec, Inc. (“BancTec”), a leading Business Process Outsourcing (BPO) company, headquartered in Dallas, TX. The price was not disclosed. HGM will combine BancTec with its existing portfolio business, Dataforce Group, to create one of the largest BPO businesses addressing the transaction processing, workflow and document management markets.

The combined company will have trailing annual revenues in excess of $280 million, serving a blue chip client base spanning over 50 countries, with a global team of more than 4,000 employees across 30 offices and operating centers. Mr. Jim Reynolds, COO and CFO at HGM, and Mr. Coley Clark, Chairman and CEO of BancTec, commented, “This is an exciting step for both companies and will create a diversified, multi-industry service provider. The strong brand, service offerings and talent from both organizations will be leveraged to scale, capture new business and improve customer services and operational efficiency. We are proud to announce that the combined company will operate under the BancTec brand.”

Macquarie Capital acted as exclusive financial advisor to HGM and as sole lead arranger and sole lead bookrunner in connection with the transaction.

Greenhill & Co. acted as financial advisor to BancTec.     

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