Thomson Reuters and TPG to Establish Elite as an Independent Legal Tech Company
TPG (
NASDAQ: TPG) and Thomson Reuters (TSX/NYSE: TRI) today announced that they have signed a definitive agreement for TPG to acquire a majority stake in Elite from Thomson Reuters, valuing the business at approximately US$500 million. The Elite business provides financial and practice management solutions to the world’s leading law firms, helping customers automate and streamline critical finance and accounting workflows.
