Global alternative investment firm Arcapita Group Holdings said yesterday it has completed the acquisition of a majority stake in Trustpoint.One (Trustpoint), a US-based provider of tech-enabled legal services. Financial terms of the deal were not disclosed.
Trustpoint, headquartered in Atlanta, Georgia, offers a range of services including eDiscovery, managed review, legal staffing, and cybersecurity solutions to law firms and corporate clients in the US.
Arcapita highlighted the more than $400 billion US legal services market as highly fragmented with increasing demand for alternative legal service providers (ALSPs) due to rising litigation and the need for technology-driven solutions. The firm noted that litigation is typically resilient to macroeconomic trends.
Arcapita’s chief executive Hisham Al Raee said the acquisition aligns with the firm’s strategy of investing in recession-resilient sectors with strong fundamentals and builds on its essential business services strategy.
Neil Carter, managing director of US Private Equity at Arcapita, said Trustpoint’s position in the ALSP market and its technology platform were key factors in the investment.
Mark Hawn, founder and chairman of Trustpoint, said the partnership with Arcapita was a “significant milestone” and would help accelerate growth and investment in technology.
Chris Gallagher, chief executive of Trustpoint, added that Arcapita’s expertise in scaling business services made it an “ideal partner” for the company’s next phase of growth.
Arcapita said Trustpoint benefits from a scalable business model, a robust technology platform, and high client retention.
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