Levine Leichtman Capital Partners and ICG announce strategic partnership with Law Business Research

The Deal

Levine Leichtman Capital Partners and ICG Announce Strategic Partnership with Law Business Research.

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 D.C.

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.”

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