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Consello Capital Acquires Majority Stake In Leading Tech-Enabled Legal Services Provider, Prosearch

Oct 19, 2023•about 2 years ago

Acquiring Company

Consello

Acquired Company

ProSearch

New YorkLos AngelesAngel InvestmentFinanceLegal TechLegalArtificial IntelligenceSoftware

Description

Consello Capital, the private equity arm of The Consello Group, announced that it has acquired a majority stake in ProSearch Strategies, a leading provider of tech-enabled legal services to enterprise customers, with over 200 employees and locations in the U.S., Ireland and India. The transaction marks the first investment for Consello Capital.

Company Information

Company

Consello

Location

New York, New York, United States

About

Consello Capital, the private equity arm of Consello, specializes in investments in the business services, consumer, and retail sectors. Leveraging Consello's network and integrated advisory expertise, Consello Capital helps grow its middle-market portfolio companies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed