Brightflag Set for €425 Million Sale to Wolters Kluwer
Deal News | Jun 03, 2025 | Proskauer Rose (UK) LLP
Leading international law firm Proskauer has advised Brightflag, an AI-driven legal operations platform, on its approximately €425 million sale to Wolters Kluwer. This transaction, timed for completion in June 2025 subject to standard closing conditions, underscores Proskauer's role as a trusted partner in significant M&A activities. The legal advisory team was led by Partner Richard Bull, alongside experts in antitrust and TMT/AI law. Proskauer's collaboration with Maples & Calder highlights their comprehensive approach. Brightflag, known for enhancing legal function efficiency globally, represents a strategic acquisition for Wolters Kluwer.
Sectors
- Legal Technology
- Mergers & Acquisitions
Geography
- United Kingdom – Proskauer, the legal advisor, has significant operations in London, providing context for their role in the advisory process.
Industry
- Legal Technology – Brightflag is a legal operations platform leveraging AI technology, indicating its placement within the legal technology sector.
- Mergers & Acquisitions – The article details an M&A transaction with Proskauer advising Brightflag in a sale to Wolters Kluwer.
Financials
- €425 million – The sale price of Brightflag to Wolters Kluwer.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Brightflag | Target Company | Company | An AI-driven legal operations platform aiming to enhance efficiency in corporate legal departments. |
| Wolters Kluwer | Bidding Company | Company | A global information services company acquiring Brightflag to bolster its legal solutions offerings. |
| Proskauer Rose (UK) LLP | Legal Advisor | Company | An international law firm advising on the transaction, renowned for handling complex and cross-border deals. |
| Maples & Calder | Collaborating Law Firm | Company | Collaborated with Proskauer on the Brightflag transaction. |