17 September 2024
London, UK – [September 17th] – Hanzo, a leading provider of innovative legal and compliance technology solutions, today announced a $14 million debt refinancing agreement with AshGrove Capital. This strategic financial move will enable Hanzo to further advance its artificial intelligence (AI) capabilities and solidify its leadership position in this transformative trend within the legal and compliance industries.
“We are delighted to partner with AshGrove Capital to support our strategies initiatives,” said Julien Masanes, CEO of Hanzo. “This transaction provides us with the financial flexibility to accelerate our investment in AI technologies, empowering us to continue to deliver powerful automation solutions to our clients. We are laser-focused on maintaining our leadership position in AI-driven legal and compliance solutions, recognizing its critical role in shaping the future of our industry. This investment will help us achieve that goal.”
This refinancing replaces Hanzo’s existing debt facility, originally secured in 2021. Since then, the company has established itself as a leader in modern sources collection and AI innovation for the legal and compliance sector.
Phil Fretwell, Partner at AshGrove Capital, commented, “As a leading provider of complex archiving and e-discovery solutions, Hanzo has demonstrated a clear vision for the future of legal and compliance technology and has taken a leadership role in AI innovation. This build on top of the business’ robust fundamentals resulting from the embeddedness of its products and its high-quality customer base. We are excited to support a strong management team with a cutting-edge, innovative agenda that, in our view, will further accelerate the growth of the business.
About Hanzo
Hanzo is a pioneer in providing cutting-edge legal and compliance technology solutions. The company’s platform empowers legal and compliance teams to efficiently manage and analyze complex data sources, including electronically stored information (ESI), social media, and collaboration platforms. Hanzo’s solutions are trusted by Fortune 500 companies and leading law firms around the globe.
About AshGrove Capital
AshGrove Capital is an independently owned, pan-European credit investor with a sector-led approach focusing on software and services underpinned by the team’s deep sectoral experience. AshGrove Capital provides tailored solutions for a range of transactions from organic and inorganic growth financing to buyouts, supporting a variety of shareholders including private equity, growth equity, VCs, and founder-entrepreneurs.