Mr Kelly’s New York-headquartered Consello Group, which also counts tennis legend Serena Williams among its senior advisers, has announced that it has acquired a majority stake in ProSearch Strategies.

ProSearch Strategies is a leading provider of tech-enabled legal services, using AI and data science, to enterprise customers, with over 200 employees in Dublin, the US and India.

The transaction, which marks the first investment for Mr Kelly’s Consello Capital, sees the Consello Group acquire a business that has a base at its European headquarters at Regus House, Harcourt Centre, Dublin.

Mr Kelly only established the Madison Avenue-based Consello early last year which focuses on investing, merchant banking, corporate development and mergers and acquisitions.

A co-founder of public relations firm Teneo, the 55-year-old Mr Kelly resigned as CEO of Teneo in June 2021 following allegations of drunken misconduct at a Global Citizen fundraiser in May 2021.

The ProSearch deal underlines Mr Kelly’s business comeback since his controversial departure from Teneo more than two years ago.

On the ProSearch deal, Mr Kelly said: “ProSearch has built a reputation as a best-in-class provider of technology solutions to the legal departments of the Fortune 500 and we are thrilled to be a part of their growth journey.”

The CEO and chairman of Consello added: “This is an ecosystem we know very well at Consello given our leadership team’s many years of experience running, building and advising many of the world’s most important companies.”

He continued: “And as our first investment, this transaction represents an important moment for Consello Capital, as well as the wider Consello business.”

Mr Kelly described the deal as an “important milestone”.

The financial terms of the deal have now been disclosed.

ProSearch helps large enterprises more effectively navigate and resolve litigation, regulatory and privacy matters.

The company’s products and services are designed specifically to support the in-house legal teams of large companies, delivering improved efficiency, speed and cost-savings and it sells to a number of multinationals.