Case Studies

eScribers was established in 2020 to consolidate the fragmented court room reporting and transcription industry.  The company specializes in developing technological tools with personalized client service, resulting in the highest quality, cost effective transcription solutions.

eScribers offers end-to-end transcription solutions to meet the needs of clients. From sending audio files to the delivery of formatted and certified transcripts, eScribers provides a seamless and transparent process in which each transcript can be tracked every step of the way.

INVESTMENT HIGHLIGHTS:

• People: Key executive hires across Finance, Business Development, Operations, and Technology departments
• Technology:  Significant dedicated resources and focus on a proprietary workflow system and transcription software tools
• Inorganic growth: Have expanded geographically, increased wallet share with current customers, and acquired new key accounts via acquisition of the following companies:

Founded in 1992, StePac specializes in developing and manufacturing modified atmosphere flexible packaging solutions for fresh produce, maximizing produce shelf-life, operational efficiency and environmental sustainability. StePac is headquartered in Northern Israel with regional offices in the United States and Brazil.

Nili worked with management to pursue a buyout of StePac from Johnson Matthey (LON:JMAT) in 2020. In February 2023, Nili sold StePac to US-based strategic PPC Flexible Packaging, a portfolio company of GTCR.

INVESTMENT HIGHLIGHTS:

Innovation: New products were designed to revolutionize the produce packaging industry and were the main contributors to StePac’s sales

Strong, diversified customer base: StePac maintained deeply entrenched relationships with its customers due to its premium solutions, proven value add, and strategic partnership approach

 Management team: Strong team comprised of industry leaders with an entrepreneurial attitude proved capable of navigating and overcoming significant challenges throughout investment period

US expansion: Nili supported management with professionalizing StePac’s US business (formerly a division within Johnson Matthey); hiring of a full team, implementation of SAP ERP system and establishing commercial banking relationships