TPG to acquire a majority stake in Elite from Thomson Reuters.

TPG, a global alternative asset management firm, agreed to acquire a majority stake in Elite, an innovative business management solutions provider, from Thomson Reuters, a business information services provider. Financial terms were not disclosed. “TPG has a history of investing in software companies that address the unique needs of vertical markets. We believe the legal industry is a market that is undergoing digital transformation, and Elite partners with leading firms on that journey. Elite’s trusted technology, strong customer base, and significant growth potential has made the company a clear leader among the best law firms, and we look forward to working with the team to enhance and expand the platform,” Tim Millikin, TPG Partner.