Francisco Partners to acquire Elite from TPG and Thomson Reuters.

Francisco Partners, a private equity firm, agreed to acquire Elite, a provider of software and integrated payment solutions for the legal industry, from TPG, a private equity investment firm, and Thomson Reuters, a multinational media conglomerate. Financial terms were not disclosed. “With Francisco Partners’ financial support and extensive legal software and payments expertise, we are confident they are the right partner to help us continue to deliver our transformative products to the legal industry. Building on the success we achieved with TPG, this next phase positions Elite to scale faster, deepen our cloud and AI capabilities, and help law firms operate with greater speed, insight, and efficiency,” Mark Dorman, Elite CEO.