Global legal technology consultancy Harbor Global has been acquired by BayPine, a Boston-headquartered private investment firm that specialises in digital transformation. BayPine is acquiring a majority stake from Harbor’s initial private equity sponsor Renovus Capital Partners, which will remain a significant investor in the company, alongside the existing Harbor management team. Terms of the transaction weren’t disclosed.
Headquartered in Chicago, Illinois, Harbor has grown through a series of acquisitions and now has a global team of 800 specialists across North America, the United Kingdom, and Australia, It serves 85% of global 200 law firms and more than half of Fortune 500 corporate legal departments.
Matt Sunderman, chief executive officer of Harbor said: “Since embarking on the creation of Harbor, we have strategically grown the company to ensure we have brought together the world’s leading group of experts, breadth of solutions, global capabilities, and network of alliances to support law firms and corporate legal departments with the right guidance and resources as they transition to a digital-first future. We selected BayPine as our new long-term strategic partner as its digital-first domain expertise is highly complementary to the deep industry knowledge of our teams, and we look forward to building upon the momentum of the last three years of our partnership with Renovus.”
