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DLA Piper advises CPA on sale of stake to Intermediate Capital

Law firm DLA Piper has advised management and the shareholders of CPA Global on the sale of a significant stake in the company to mezzanine finance house Intermediate Capital Group.

 CPA Global is a Channel Islands-based provider of outsourced legal services.

The acquisition has received the required approvals from CPA Global shareholders as well as the Jersey courts, which sanctioned a new scheme of arrangement. The terms of the transaction are not disclosed.

David Raff (pictured), partner, DLA Piper, says: “This is an excellent transaction for all parties involved. CPA Global is a great company at the forefront of the intellectual property and legal process outsourcing markets. We are delighted to have worked with the management and shareholders of CPA Global to bring the deal to a successful conclusion. A transaction of this size and complexity clearly demonstrates DLA’s expertise and we are very pleased to enhance further our credentials in the market.”

CPA Global’s chief executive officer Peter Sewell adds: “This is a very exciting time for CPA Global and everyone involved in the company. It represents the next stage in our evolution from an IP partnership handling patent renewals into a global leader in IP and legal services outsourcing. CPA Global is already recognised as a pacesetter in legal outsourcing, working with many major international corporations around the world, and, with ICG’s backing and support, we will be even better positioned to take advantage of the opportunities ahead.”

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