BayPine Agrees Deal for Stake in Legal Consulting Firm Harbor

BayPine has agreed to acquire the majority stake in Harbor Global, a consultant and IT services firm catering to the legal industry.

The private equity firm is acquiring the holding from mid-market specialist Renovus Capital Partners, which will keep a minority stake in Harbor, according to a statement provided to Bloomberg News.

The deal values Harbor at more than $600 million, a person familiar with the matter said, asking not to be named discussing confidential information.

Chicago-based Harbor was formed through the 2023 merger of legal service providers HBR Consulting, Wilson Allen and LAC Group, its website shows. ...