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

06 January 2014

Permira, the European private equity firm with global reach, and, 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.

Click the PDF icon to download the full release.

Media contacts

Nina Suter Head of Communications - Director +44 (0) 207 632 4037