CVC Capital Partners Announces a Majority Interest Investment in Legal Services Provider UnitedLex
21 September 2018, India:
CVC Capital Partners, today announced that funds managed by CVC will make a majority interest investment in UnitedLex, the pioneer of enterprise legal services for the world’s leading corporations, law firms, and universities.
The transaction is subject to customary regulatory approvals. The UnitedLex senior leadership team has fully reinvested in the transaction to further the company’s mission to lead the revolution of the practice of law and legal services delivery and to drive innovation in the legal marketplace.
“I am very pleased to welcome CVC as our partner in what marks an important milestone in UnitedLex’s evolution. As Europe’s largest private equity firm with current and past portfolio companies such as Breitling, AlixPartners, and Formula 1, CVC has the geographic reach, sector expertise, scale, and significant capital that will undoubtedly help us expand our technology development and provide clients with unique financial structuring as part of our industry-changing solutions,” said Daniel Reed, CEO, UnitedLex.
“UnitedLex has a multi-billion-dollar opportunity ahead of it, with legal services being one the few remaining verticals that is early in the penetration curve of technology, consulting, and solution delivery. UnitedLex continues to innovate with game-changing engagements with the world’s leading companies. Now is the perfect time for us to provide significant capital to enhance its growth and scale, the beginnings of which we’ve already seen in its impressive financial performance, customer wins, and pipeline of opportunities,” said Siddharth Patel, Senior Managing Director, CVC.
“We are excited to partner with UnitedLex and its excellent management team and to provide necessary capital to pursue both strategic acquisitions in a consolidating space, as well as transformational client wins. We have known the company for many years and have been impressed by its consistent track record of growth and ability to design and deliver unique solutions in the enterprise legal space,” said Amit Soni, Managing Director, CVC.
UnitedLex was founded in 2006. It is a legal services provider that drives digital transformation throughout the entire legal ecosystem. It has created a one of a kind legal services platform: a consulting, technology, and resource solutions company, an international law firm constellation, and a law firm resource platform – all focused on the areas of contracts and commercial transactions, litigation, intellectual property, consulting, and compliance.
CVC Capital Partners was founded in 1981. It is a leading private equity and investment advisory firm. The firm claims to secure commitments of over $110 billion from some of the world’s leading institutional investors across its private equity and credit strategies.
Source: Techstory
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