Francisco Partners to Acquire Elite Legal Tech Provider

TPG to Acquire Majority Stake in Elite Legal Tech from Thomson Reuters

April 4, 2023

Legal Services

TPG has signed a definitive agreement to acquire a majority stake in Elite, a provider of financial and practice management solutions for law firms, valuing the business at approximately US$500 million. Thomson Reuters will retain a minority ownership stake and board representation, and the transaction is expected to close in the second quarter of 2023 subject to regulatory approvals and customary closing conditions.

Francisco Partners Makes Strategic Growth Investment in Paradigm

October 13, 2021

Software

Francisco Partners has made a strategic growth investment in Paradigm, the software group that manages PracticePanther, Bill4Time, MerusCase and Headnote, to support product innovation and continued growth. Paradigm, formed by ASG and backed by Alpine Investors, will use the capital and Francisco Partners' software and payments expertise to expand its product suite and accelerate adoption among law firms; the transaction is expected to close in Q4 with terms undisclosed.

Elite Acquires Tranch, B2B Invoice Automation and Payments Platform

January 6, 2025

Payments & Fintech

Elite, a provider of financial management and business operations solutions for law firms, has acquired Tranch, a B2B invoice automation and payments platform founded in 2021 by Philip Kelvin and Beau Allison. The acquisition embeds Tranch’s payment options — including FedNow bank transfers, card payments and a “Pay Later” offering — into Elite’s SaaS portfolio to accelerate law firm cash collections and expand Elite’s suite of revenue-cycle capabilities.

Francisco Partners to Acquire BARBRI from Leeds Equity

March 31, 2021

Education

Francisco Partners has signed a definitive agreement to acquire BARBRI, a leading provider of technology-enabled legal education, from Leeds Equity Partners. The deal, which was announced March 31, 2021, will transfer ownership of the Dallas-headquartered company to Francisco Partners and is expected to close in Q2 2021 subject to customary approvals.

Francisco Partners Makes Strategic Growth Investment in Accela

September 6, 2023

Government & Public Sector

Accela, a provider of cloud-based government software, received a strategic growth investment from Francisco Partners while Berkshire Partners remains a significant, equal equity investor. The undisclosed capital will be used to accelerate Accela's product and market growth as the company expands its civic cloud platform for state and local governments.

Francisco Partners to Acquire AdvancedMD from Global Payments

October 30, 2024

Healthcare Services

Francisco Partners has signed a definitive agreement to acquire AdvancedMD, a cloud-based provider of medical office software, from Global Payments. The acquisition is expected to close in Q4 2024, subject to customary closing conditions, and AdvancedMD will continue to be led by its existing management team.