Shearman Aids Symphony's Buy Of LexisNexis Screening Biz

Law360, New York (January 17, 2013, 5:14 PM EST) -- California private equity firm Symphony Technology Group LLC said Thursday it has agreed to buy up LexisNexis Risk Solutions' employee and resident background-screening business in order to combine it with one of its portfolio companies.

Symphony plans on merging the LexisNexis screening business with First Advantage Corp., significantly expanding the portfolio company's reach in several of its existing sectors, including retail employment, and giving it a new foothold in the screening market for multifamily housing, according to a statement. 

Financial details of the deal, which is...
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