Source: Businesswire
Francisco Partners, a global investment firm that specializes in partnering with technology businesses, announced it will acquire Elite, a pioneer in mission-critical software and integrated payment solutions for the legal industry, from TPG Capital, the U.S. and European private equity platform of global alternative asset management firm TPG, and Thomson Reuters. The acquisition will provide Elite with a new financial partner to help the company capitalize on its current momentum and continue to drive product innovation and growth.
“With Francisco Partners’ financial support and extensive legal software and payments expertise, we are confident they are the right partner to help us continue to deliver our transformative products to the legal industry. Building on the success we achieved with TPG, this next phase positions Elite to scale faster, deepen our cloud and AI capabilities, and help law firms operate with greater speed, insight, and efficiency,” said Mark Dorman, CEO of Elite.
“Elite’s powerful, cloud-based platform for large law firms positions it perfectly for long-term growth,” said Peter Christodoulo, Partner at Francisco Partners. “We are excited to partner with CEO Mark Dorman and the entire Elite team as they continue to drive innovation in the legal technology sector,” continued Evan Daar, Partner at Francisco Partners.
“We’re proud to have partnered with Mark and the team over the past two years to transform Elite from an innovative solution within a corporation into an independent, cloud-first legal tech provider central to law firms’ operations,” said Tim Millikin, Partner at TPG. “Elite is playing a critical role in the digital transformation of the legal industry, and we’re confident they will continue to succeed in partnership with Francisco Partners,” continued Akash Pradhan, Business Unit Partner at TPG.
Read the full article: https://www.businesswire.com/news/home/20250805611181/en/Francisco-Partners-to-Acquire-Legal-Tech-Solutions-Provider-Elite-From-TPG
