Global News
Combined global operations, patented innovation and expert consulting resources to deliver an unparalleled service experience to clients
Consilio, a global leader in eDiscovery, document review, and legal consulting services, and Advanced Discovery, a global eDiscovery and risk management provider, have announced a definitive agreement to unite their worldwide operations, technology solutions and consulting resources.
The combined company will consist of over 2,500 employees, 14 data centers and 23 document review facilities in 11 countries. The company’s global operations will support large-scale, fast-moving matters that need to process, host and review vast repositories of data. The full solution suite will span information governance, risk management, eDiscovery and document and contract review.
“Advanced Discovery and Consilio are both recognized leaders in our market – with complementary products and services and a shared culture and vision,” said Andy Macdonald, chief executive officer of Consilio. “Together, we bring the industry’s most consultative and capable services delivery team with the industry’s most innovative technologies – on a global scale – to ensure long term success for our clients.”
“By combining with Consilio, we create the scale and scope of operations to serve our clients anywhere in the world and provide a tremendous breadth of technology solutions at all stages of the eDiscovery and risk management lifecycles,” said Jim Burke, chief executive officer of Advanced Discovery. “Together, we plan to build even more competitive advantages for our clients by expanding our infrastructure, extending our solutions portfolio, expanding our geographic coverage and retaining and attracting the strongest teams of expert advisors.”
As part of this transaction, Consilio and Advanced Discovery have announced a new partnership with GI Partners, a leading private equity firm based in San Francisco, California. Under the terms of the partnership, GI Partners will take a majority position in the combined companies, and current investors, Shamrock Capital Advisors and Trivest Partners, will exit their respective positions.
“We are excited to catalyze the combination of these two outstanding companies,” said Hoon Cho, Managing Director at GI Partners. “Scale is a critical factor in this market, enabling us to make important investments in technology, data security, talented people and worldwide operations. We believe that these two particular companies – which are well-matched strategically, operationally and culturally – are very complementary to one another and will mesh seamlessly to create an unparalleled technology-enabled services provider.”
The combined company will be led by Andy Macdonald, who has been named chief executive officer. Jim Burke will join the new company board as a director.
The transaction is expected to close in the second quarter of 2018 followed by an integration period of several quarters as the two businesses align systems and processes.
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