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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