Private investment firm GI Partners is to sell Consilio, a specialist in eDiscovery, document review, risk management, and legal consulting services, to investment funds managed by Stone Point Capital (Stone Point).

GI Partners simultaneously acquired Consilio and Advanced Discovery in 2018, combining the businesses to form a global leader in eDiscovery. Following a successful integration of the two companies, GI Partners and management acquired DiscoverReady later that year. The combinations brought together three highly regarded management teams with complementary capabilities into one global eDiscovery leader with a full suite of end-to-end solutions capable of supporting the largest and most complex legal matters. As a result of these combinations and organic growth, Consilio now serves over 3,000 clients, across 45 offices and nine countries.

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Source: Private Equity Wire