The deal allows Houston-based Morae to double its global capacity of legal technology offerings to serve more than 1,000 clients, making it one of the largest companies in the industry.
Haynes Boone Senior Counsel Steven Buxbaum led the firm’s deal team along with Partners Valisa Berber-Thayer, Nicholas Foss-Pedersen, Jennifer Passagne and Michael Lombardino and Associates Christopher Orford, Hayley Hervieux, Khalil Bryant and Tautvydas Medziukevicius.
“It’s a privilege to help clients with vision and purpose, like Morae, continue to grow and thrive,” Buxbaum said. “We’re thrilled this strategic expansion allows them to not just widen their reach but improve their offerings in the process.”
Morae will use the purchase to broaden its reach across North America, Europe, the Middle East, Africa and the Asia-Pacific regions and for global solutions in five key areas: contracts, discovery, information, managed services and strategy.
“We’re thankful to have the continued opportunity to support Morae as it embarks on a new chapter of growth,” Berber-Thayer said. “We look forward to watching their strategic vision come to fruition.”
Haynes Boone’s M&A Practice Group has comprehensive experience handling middle-market deals, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $40 billion. The firm routinely represents private equity firms, closely held corporations, founders, large financial institutions and Fortune 500 public companies.