GI Partners has agreed to acquire two leading legal services providers, Consilio, a portfolio company of Shamrock Partners and Trinity Hunt, and Advanced Discovery, a portfolio company of Trivest Partners.
Consilio is a provider of eDiscovery and document review services with an emphasis on litigation, antitrust, and internal and regulatory investigations. The company is headquartered in Washington, DC and has 24 worldwide locations (www.consilio.com). Advanced Discovery is also a provider of eDiscovery and document review services. The company is headquartered in Austin, TX and has 16 offices in the US and an office in London, UK (www.advanceddiscovery.com).
The buy Advanced Discovery is expected to close later this month and the acquisition of Consilio, and its merger into Advanced Discovery, is expected to close in the second quarter of 2018. The combined company will consist of over 2,500 employees, 14 worldwide data centers and 23 document review facilities, spanning 11 countries.
“This is an exciting and significant step for Consilio and Advanced Discovery to enhance our market leadership position as a global technology platform that will better serve our clients, offering them a broad suite of innovative solutions,” said Andy Macdonald, CEO of Consilio, who will continue as CEO of the combined company. “We are extremely pleased to partner with GI Partners, a firm that shares our guiding principles for delivering quality service to clients. We share an ongoing commitment to growing the combined company, both organically and through select acquisitions. We look forward to expanding our range of product technologies to support our growing customer needs anywhere in the world.”
GI Partners makes control equity investments in companies with enterprise values of $250 million to $1 billion that are active in the IT infrastructure, healthcare, software, and services sectors. In November 2017, the firm held a final closing of GI Partners Fund V LP at an oversubscribed and hard cap of $2.8 billion. The combination of Consilio and Advanced Discovery is the fourth platform investment for this fund. GI Partners was founded in 2001 and is based in San Francisco (www.gipartners.com).
“We are pleased to be able to acquire and combine both businesses,” said Hoon Cho, Managing Director at GI Partners. “Consilio and Advanced Discovery have complementary global operations and strong cultural fit. GI Partners’ successful history of investing in leading technology businesses will allow us to provide the tools and resources needed to support Andy and his team in driving accelerated growth.”
“We are excited to partner with Andy and the combined company’s senior leadership team in this exciting new chapter together,” said Jeff Sheu, Director at GI Partners. “Looking ahead, we plan to continue our focus on selectively expanding our service offerings, both organically and through acquisitions, to enhance the customer experience.”
BlackArch Partners was the financial advisor to Advanced Discovery and Harris Williams represented Consilio as its financial advisor.
© 2018 Private Equity Professional | March 22, 2018