Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based
private equity firm, and ICG, the global asset manager, announced
today a strategic partnership with Law Business Research (“LBR”).
Under the arrangement, LLCP will return significant capital to its
investors while remaining a shareholder alongside ICG.
LBR is a technology-driven information services business
powering the global legal, intellectual property and governance,
risk, and compliance markets. By applying the latest technology to
the fast-moving legal world, LBR enables users to find their
competitive edge and make decisions with confidence, armed with the
insight they need. LBR has over 500 employees with offices in
London, Hong Kong, New York, Austin, and Washington DC.
Building on LBR’s accomplishments under LLCP’s ownership, ICG’s
support will facilitate further international expansion, investment
in product development, and continued growth. LBR has a proven
track record of successful acquisitions, notably acquiring Globe
Business Media Group, Docket Navigator, Legal Monitor and MBL, and
expects to continue leveraging acquisitions to complement its
organic growth plan.
Andrew Alexander, Managing Director of LLCP, said, “It has been
a pleasure to support LBR and its management team through its
tremendous growth and evolution which has resulted in a terrific
outcome for our investors. The Company has built a scalable
technology platform, bolstered its suite of proprietary products,
and successfully expanded into additional markets. We are excited
about the Company’s future prospects and, as such, we are pleased
to partner with ICG and management for the next chapter of
growth.”
Nick Brailey, CEO of LBR said, “The LBR team has enabled
fantastic growth and development of the business under LLCP’s
stewardship. We are excited to continue our successful journey with
LLCP and to work with the ICG team to realize the full potential of
our business. We firmly believe we have chosen the right
partners.”
Stelios Elia, Managing Director, ICG European Corporate, said,
“We have been following the growth of LBR for several years and
have been impressed by the vision and drive of the LBR management
team. We are pleased to be financing the management team on the
next phase of their journey, and working alongside LLCP as we
leverage our experience in the B2B Information Services sector to
support the Company’s growth ambitions.”
LBR is an investment of Levine Leichtman Capital Partners Fund
VI, L.P.
Raymond James and Willkie Farr & Gallagher advised LLCP and
LBR on the transaction.
Lincoln International and Ropes & Gray advised ICG on the
transaction.
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market
private equity firm with a 40-year track record of investing across
various targeted sectors, including Franchising & Multi-unit,
Business Services, Education & Training and Engineered Products
& Manufacturing. LLCP utilizes a differentiated Structured
Private Equity investment strategy, combining debt and equity
capital investments in portfolio companies. LLCP believes that by
investing in a combination of debt and equity securities, it offers
management teams growth capital in a highly tailored, flexible
investment structure that can be a more attractive alternative than
traditional private equity.
LLCP’s global team of dedicated investment professionals is led
by 10 partners who have worked at LLCP for an average of 19 years.
Since inception, LLCP has managed approximately $14.4 billion of
institutional capital across 15 investment funds and has invested
in over 100 portfolio companies. LLCP currently manages $9.6
billion of assets and has offices in Los Angeles, New York,
Chicago, Miami, London, Stockholm, The Hague and Frankfurt.
About ICG
ICG provides flexible capital solutions to help companies
develop and grow. We are a leading global alternative asset manager
with a 35-year history, managing $86.3bn of assets* and investing
across the capital structure. We operate across four asset classes:
Structured and Private Equity, Private Debt, Real Assets, and
Credit.
ICG develops long-term relationships with its business partners
to deliver value for shareholders, clients and employees, and uses
its position of influence to benefit the environment and society.
ICG is committed to being a net zero asset manager across our
operations and relevant investments by 2040.
ICG is a member of the FTSE 100 and listed on the London Stock
Exchange (ticker symbol: ICG). Further details are available at
www.icgam.com. You can follow ICG on LinkedIn, X (Twitter) and
Instagram.
*as at 31 December 2023
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version on businesswire.com: https://www.businesswire.com/news/home/20240522043691/en/
Levine Leichtman Capital Partners Mark Semer Gasthalter
& Co. (212) 257 4170 llcp@gasthalter.com ICG Catherine
Armstrong T. +44 20 3545 1850 M. +44 7710 385 313 Email:
Catherine.Armstrong@icgam.com