Company Overview of The Reynolds and Reynolds Company

Reynolds and Reynolds announced the availability of the LAW(R) West Virginia F&I Library that offers West Virginia automobile and truck dealers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. The Reynolds LAW brand West Virginia F&I Library of forms was developed jointly through a partnership between Reynolds Document Services and the West Virginia Automobile and Truck Dealers Association (WVATDA). The LAW West Virginia F&I Library of documents will be maintained through the combined expertise of Reynolds Director of Compliance Terry O'Loughlin, Reynolds' Association of Finance & Insurance Professionals (AFIP) certified compliance legal specialists, and the West Virginia Automobile and Truck Dealers Association, along with its outside legal counsel Johnnie Brown from Pullin, Fowler, Flanagan, Brown & Poe, PLLC. West Virginia Automobile and Truck Dealers Association is the collective voice of new car and truck dealers in the state. Through its actions, WVATDA aims to make it as easy as possible for dealers and their customers to buy, sell, and maintain automotive vehicles. In 2013, WVATDA is celebrating 80 years of representing the interests of automobile retailers in West Virginia. Reynolds' LAW brand is well established in the automotive industry as a brand of trust. LAW forms are available in all 50 states and Washington, D.C., and have been endorsed by a number of state automobile dealers associations and leading automotive finance institutions. The product of the LAW brand is the Reynolds LAW(R) 553 Universal Retail Sale Contract, which is the most widely accepted document in auto finance. The Reynolds LAW 553 is available in a number of different languages and is regularly reviewed by industry experts to help keep pace with new legislative and regulatory developments. Reynolds Document Services offers similar LAW brand forms libraries to California and Pennsylvania automobile retailers.

Reuters reported that The Carlyle Group LP and Kohlberg Kravis Roberts & Co. (KKR) are the finalists in an expected $5 billion deal to acquire The Reynolds and Reynolds Company. Reuters reported that the potential acquisition is in the final stages. A Reynolds and Reynolds spokesperson declined to comment on the matter and said, “As a matter of policy and practice, I don't comment on rumors in the market." Reuters reported citing unnamed sources that Reynolds and Reynolds had appointed Qatalyst Partners to assist on the transaction and is in talks with a few major private equity firms about a leveraged buyout.

Several sources familiar with the matter said that The Reynolds and Reynolds Company is planning a potential sale to private equity firms that could fetch around $5 billion. The sources added that Reynolds appointed Qatalyst Partners to manage the sale process and the company is also in talks with a few major private equity firms about a leveraged buyout (LBO). Sources said that Deutsche Bank AG is also assisting Reynolds with a potential sale and has offered seller financing to potential buyers. According to sources, the sale process involves several private equity investors in the technology space, including Kohlberg Kravis Roberts & Co. (KKR). Sources added that the auction is early in the second round and the management meetings are expected to take place over the next few weeks. Reuters said that representatives for Reynolds, Deutsche Bank, KKR and Qatalyst Partners did not comment on the matter.