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

April 4, 2023

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.

Buyers
TPG, TPG Capital
Targets
Elite
Sellers
Thomson Reuters
Industry
Legal Services
Location
United States
Transaction Type
Buyout

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