GI Partners exits Consilio to Stone Point after successful mergers

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GI Partners has agreed to sell Consilio, a document review, risk management and legal consulting services, to Stone Point Capital after three years.

GI Partners acquired Consilio in 2018 to be combined with Advanced Discovery and DiscoverReady to form a global leader in eDiscovery. Consilio now serves over 3,000 clients, across 45 offices and nine countries following the mergers.

Hoon Cho, Managing Director and Co-Head of Private Equity at GI Partners said, “We are thrilled with the outcome of our investment in Consilio.

“Our thesis was based on our conviction that Consilio’s combination with Advanced Discovery would create a differentiated market leader that would enhance customer success for its clients and create a formidable M&A platform to accelerate growth.

“The company grew rapidly in the three years since, including through the pandemic, and now stands better positioned than ever to continue its strong growth in the broader eDiscovery industry.”

Jeff Sheu, Managing Director at GI Partners, added, “Through our targeted investments in the company’s technology, people, and scale, Consilio’s comprehensive legal technology and services offerings make it uniquely capable of supporting the world’s highest stakes legal matters.”

Stone Point will take over Consilio in May after the deal closes. The private equity house intends to merge Consilio with eDiscovery and data management service provider Xact Data Discovery, which Aquiline Capital Partners has just agreed to buy from JLL Partners.

GI Partners is currently believed to be gathering up to $3.25bn for Fund VI and has recently announced to buy into Silver Lake-backed low-code industrial software disruptor Aras.

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