Aurora Capital acquires litigation services provider First Legal

• The deal is the 11th investment from Aurora Capital Partners’ sixth flagship private equity fund, which closed in September 2020.

• First Legal provides litigation services across the US, including court filing, service of process, court reporting, eDiscovery, record retrieval, investigations, and trial support.

• Terms of the transaction were not disclosed. Aurora Capital deploys between $50mn and $300mn of equity per transaction, according to the firm’s investment strategy.

• According to Preqin data, Aurora is currently raising their seventh flagship private equity fund, Aurora Equity Partners VII.

July 2, 2024 (Preqin News) – Last year, there were 24 legal software buyout transactions involving US companies, five fewer than the previous year. This niche sub-sector was on trend with wider deal numbers in the IT sector for US companies, which saw an 18.6% reduction from 2022 to 2023.

So far in 2024, there have been 26 deals in legal software globally, including Wille Finance’s acquisition of Zurich-based SwissComply, which provides outsourced compliance and risk-management services, and Apax Partners’ portfolio company Lexitas acquiring Minnesota-headquartered LawGistic Partners.

_{The opinions and facts included within the above do not constitute investment advice. Professional advice should be sought before making any investment or other decisions. Preqin providing the information in this content accepts no liability for any decisions taken in relation to the above.}