6 Jan 2014

Permira Funds expected to acquire more than $200 million of LegalZoom equity

Permira, the European private equity firm with global reach, and LegalZoom.com, Inc. the nation's leading provider of online legal solutions for small businesses and families, today announced the successful completion of the acquisition of more than $200 million of the outstanding equity of LegalZoom by a company backed by the Permira funds. The Permira funds are now LegalZoom's largest shareholder and will appoint a majority of the Company's Board of Directors.

LegalZoom's management team and Institutional Venture Partners have maintained the vast majority of their ownership stakes in the Company, while Kleiner Perkins Caufield & Byers has maintained its entire stake. Polaris Venture Partners maintained a portion of its ownership in the Company.

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Permira Funds expected to acquire more than $200 million of LegalZoom equity

LegalZoom

Country: USA

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