Morgan Stanley and Goldman Sachs)
- Sector: Application Software
- Deal Type: Strategic Deals; Founder-led Businesses; Venture Capital Exits
- Engagement type: Sellside
- Size: $456 million
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to HighQ, a portfolio company of One Peak Partners, Goldman Sachs Private Capital and Morgan Stanley Expansion Capital, on its sale to Thomson Reuters (TSX:TRI), one of the world’s leading providers of news and information-based solutions to professionals.
HighQ offers a secure cloud-based platform for business collaboration, workflow automation and client engagement for legal and regulated industries globally. The company currently serves more than 400 customers, including more than half of the Global 100 largest law firms. Additionally, 75% of Fortune 500 companies use the HighQ cloud for internal and external collaboration.
Founded in 2001 and headquartered in London, HighQ employs c.350 people across 8 offices worldwide, including the United States, Germany, the Netherlands, Australia and India. Over the years, the company has demonstrated industry-leading growth rates and best-in-class SaaS metrics.
This acquisition will expand on Thomson Reuters’ strategic objective to provide more cloud-based software offerings and will meet a growing market need for legal professionals. With an open best-in-class platform at the heart of the legal software ecosystem, HighQ provides Thomson Reuters with an opportunity to leverage their channel reach into thousands of large and medium-sized law firms and corporate legal departments globally.
This transaction underscores Arma Partners’ ability to deliver highly successful outcomes for fast growing SaaS companies and reinforces our long-standing track record of orchestrating high value transatlantic exits to North American strategic buyers.