Los Angeles-based private equity firm Levine Leichtman Capital Partners will partially exit portfolio company Law Business Research through a partnership with global asset manager ICG, which will see LLCP return capital to its investors while remaining a shareholder alongside ICG.
LBR is an investment of Levine Leichtman Capital Partners Fund VI.
In a press statement, LLCP said that ICG’s support would facilitate further international expansion, investment in product development and continued growth.
Andrew Alexander, Managing Director of LLCP, added that LBR had “built a scalable technology platform, bolstered its suite of proprietary products and successfully expanded into additional markets”. LBR’s acquisitions include Globe Business Media Group, Docket Navigator, Legal Monitor and MBL.
LBR is an information services business aimed at the global legal, intellectual property and governance, risk and compliance markets. The company employs around 500 across London, Hong Kong, New York, Austin and Washington DC.
Raymond James and Willkie Farr & Gallagher advised LLCP and LBR on the transaction, while Lincoln International and Ropes & Gray advised ICG.
