Consello Capital secures majority stake in ProSearch Strategies
Consello Capital, the private equity branch of The Consello Group, has procured a majority stake in ProSearch Strategies. Recognized as an industry leader, ProSearch delivers tech-empowered legal solutions to enterprise clientele across the U.S., Ireland, and India. Notably, this acquisition signifies Consello Capital’s maiden investment.
Enterprise Solution for Complex Legal Challenges
Amid the ever-increasing intricacy of data sets and regulatory stipulations, ProSearch stands out with its state-of-the-art solutions. The company’s advanced platform, enriched with data science and cutting-edge technology, assists large corporations in maneuvering eDiscovery processes. Designed to cater to the in-house legal departments of mammoth enterprises, ProSearch’s tools ensure efficiency, speed, and cost-effectiveness. Established in 2005, ProSearch boasts partnerships with numerous global corporate giants.
Executive Insights on the Merger
Peter Morrow, Managing Partner of Consello Capital, emphasized the rising demand for tech and AI-driven business enhancements. He stated, “ProSearch exemplifies a B2B enterprise utilizing technology for efficiency,” further expressing his eagerness to amplify the brand’s offerings.
Declan Kelly, the Chairman and CEO of Consello, extolled ProSearch for its unparalleled tech contributions to Fortune 500 legal teams. He highlighted, “This transaction denotes a pivotal stride for both Consello Capital and the broader Consello entity.”
Echoing the enthusiasm, Julia Hasenzahl, ProSearch’s Co-Founder and CEO, lauded Consello Capital for its partnership approach and expertise. She emphasized their ambition to revamp the eDiscovery process through innovative AI.
Transaction Details and Advisors
The financial specifics of the deal remain undisclosed. Guggenheim Partners LLC stood as the financial consultant to ProSearch, with Buchalter offering legal counsel. Consello Capital received advisory services from Kirkland & Ellis.