Source: FT
Authors: Will Louch and Suzi Ring
US mid-market investors Abry Partners has agreed to buy legal research business Chambers and Partners from UK private equity firm Inflexion in a deal that values the company at more than £400m, according to the Financial Times.
Inflexion acquired Chambers in 2018 for between £35m and £50m, CityAM reported, netting the private equity firm a significant profit. At the time of that purchase, Inflexion said Chambers was well placed to benefit from the continuing growth of the legal services market and rising business development demand.
Founded in 1990, Chambers is a legal research company that provides rankings of lawyers and law firms in more than 200 countries. The rankings are designed as a quick guide to the market for businesses, including private equity firms, on the best lawyers and law firms across a range of industries and countries.
Read full article: https://www.ft.com/content/91a8e177-fb91-4a39-aa9c-226ae2a759a1
