LegalZoom strengthens brand with US$200m backing

LegalZoom - which claims to be the most recognised legal brand in the US - has reached an agreement with Permira for a US$200m investment from the private equity company.

LegalZoom reaches agreement with Permira for a US$200m investment isak55

Permira is to take shares in LegalZoom. In a joint statement, the two organisations say that 'the Permira funds’ backing strengthens LegalZoom’s ability to move forward with its significant growth plans, which include potential acquisitions in both the US and abroad'. LegalZoom - focusing on small business and family law - has already soft-launched in the UK through a joint project with QualitySolicitors. Permira is already active in the UK market in the form of the Alternative Business Structures set up by the AA and Saga. Permira owns both companies through its ownership of Acromas, their holding company. Source: Legal Futures

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