Consello Group, a New York-based private equity firm, has announced its acquisition of a majority stake in ProSearch Strategies, a leading provider of tech-enabled legal services to enterprise customers.
The acquisition is set to bolster Consello’s capabilities in the legal services realm, as ProSearch Strategies is known for its expertise in artificial intelligence (AI) and machine learning.
The transaction, which was finalised in October 2023, saw Consello Capital, the private equity arm of Consello Group, take charge of the AI company.
ProSearch Strategies, which operates with over 200 employees and locations in the US, Ireland, and India, has been at the forefront of technology-enabled legal services for enterprise clients.
The acquisition marks a significant move for Consello Group, as it seeks to dominate the legal services sector with the help of ProSearch’s cutting-edge AI capabilities.
The move is expected to have a significant impact on the legal services industry, as ProSearch’s AI technology is set to revolutionise the way legal services are delivered.
With Consello’s backing, ProSearch is poised to become a major player in the industry, providing clients with innovative and efficient solutions to their legal needs.
The acquisition signals an exciting new chapter for both Consello Group and ProSearch Strategies, as they work together to shape the future of legal services.
Transforming the Legal Industry
Consello Capital’s acquisition of ProSearch Strategies has the potential to revolutionise the legal services industry. The combination of ProSearch’s expertise in tech-enabled legal services and Consello’s industry-leading products and growth strategies will reimagine the way businesses approach litigation, regulatory, and privacy matters.
Revolutionising Legal Services
ProSearch’s cutting-edge technology and data science capabilities, including generative AI, will allow for greater efficiency in the eDiscovery process and better management of data. This technology will enable ProSearch to provide technology solutions that are more effective and connected than ever before.
Cutting-Edge Technology and Data Science
The acquisition of ProSearch Strategies by Consello Capital will have significant implications for enterprise customers. The cost-savings and efficiency gains that can be achieved through ProSearch’s tech-enabled legal services will be invaluable to in-house legal teams. Additionally, ProSearch’s blue-chip roster of customers will benefit from Consello’s growth strategies and industry expertise.
Implications for Enterprise Customers
Overall, the acquisition of ProSearch Strategies by Consello Capital represents an exciting development in the legal services industry. The combination of ProSearch’s technology and data science capabilities with Consello’s growth strategies and industry expertise will enable businesses to approach litigation, regulatory, and privacy matters in a more effective and connected way.
Behind the Deal
Consello Capital, the private equity arm of The Consello Group, recently acquired a majority stake in ProSearch Strategies, a leading provider of tech-enabled legal services to enterprise customers. The acquisition was a strategic move to expand Consello’s offerings in the business services and consumer sectors.
Key Players and Stakeholders
The leadership team at Consello Capital, including CEO and co-founder Declan Kelly, Chairman Tom Brady, and other key executives, played a crucial role in the acquisition. ProSearch Strategies was represented by a team of financial and legal advisors from Guggenheim Partners LLC, Buchalter, and Kirkland & Ellis.
Financial and Legal Aspects
The acquisition was completed for an undisclosed amount, and financial details have not been released. Consello Capital’s investment in ProSearch Strategies is expected to increase shareholder value and drive growth in the company’s strategic investing platform.
Future Prospects and Growth
With the acquisition of ProSearch Strategies, Consello Capital aims to expand its expertise in mergers and acquisitions, corporate development, and growth and business development. The partnership orientation of both companies will allow for seamless integration of offerings and expertise, leading to increased profitability and market share.
News and Public Relations
The acquisition of ProSearch Strategies by Consello Capital has generated significant interest in the business world, with coverage in leading publications such as Independent.ie, Legaltech News, and eDiscovery Today. The deal has also been the subject of public relations efforts by both companies, highlighting the benefits of the acquisition for clients and investors.
Overall, the acquisition of ProSearch Strategies by Consello Capital is an exciting development in the business services and consumer sectors. The partnership between the two companies is expected to drive growth and profitability, while expanding the range of offerings and expertise available to clients.
