LOS ANGELES–(Enterprise WIRE)–Feb 2, 2022–
BigHand Ltd. (“BigHand”), a portfolio firm of Levine Leichtman Capital Partners (“LLCP”), announced these days that it has acquired Iridium Know-how (“Iridium” or the “Company”) from Polaris Growth Fund. Phrases of the transaction were being not disclosed.
BigHand is a main authorized technology software package system made to enhance the workflow, productivity and profitability at legislation companies around the world. Its specialized offerings consist of workflow management, document development, small business intelligence and make any difference pricing answers that help over 3,500 corporations and 810,000 consumers around the globe. Founded in 1995, BigHand is headquartered in London, Uk, and has places of work in the US, Canada, the Netherlands and Australia.
Started in 2009, Iridium is a primary lawful small business intelligence and analytics application supplier to legislation companies globally. The Business presents a combination of info-pushed management tools that permit law firms to improve their productivity and profitability. Iridium supports 300 clientele, which include 50% of the AmLaw 200 corporations and many other major legislation corporations worldwide. The comprehensive Iridium staff are signing up for the BigHand staff successful now. The combined firm will have a global workforce of in excess of 350 workforce.
Sam Toulson, Chief Government Officer of BigHand, commented, “Law firms are under steady stress to boost their effectiveness when simultaneously rising their profitability. Our purpose has generally been to present our purchasers the very best options and guidance, so we strategically and selectively look for to sign up for forces with acquisition associates that align to our objectives and those of our buyers. We search to add major value for our customers, and that’s what makes this acquisition incredibly remarkable. The addition of Iridium gives our shoppers an chance to entry a broad sum of facts that will permit their firms to move from the apply of legislation to the organization of regulation.”
Josh Kaufman, Senior Handling Director at LLCP, added, “We are thrilled to support the addition of Iridium on to the BigHand system. This strategic acquisition considerably expands BigHand’s presence in North America and further more broadens its suite of solutions, specially around delivering legislation corporations with data and analytics software program developed to boost efficiency and profitability.”
BigHand is a portfolio company of Levine Leichtman Money Companions VI, L.P.
About Levine Leichtman Capital Associates
Levine Leichtman Funds Associates, LLC is a center-market non-public fairness company with a 38-yr observe file of investing throughout a variety of targeted sectors, together with franchising, small business providers, instruction and engineered items. LLCP utilizes a differentiated Structured Non-public Equity expense tactic, combining personal debt and fairness money investments in portfolio businesses. This one of a kind framework supplies a considerably less dilutive resolution for administration groups and business people, even though providing growth and money with a considerably reduce risk profile.
LLCP’s world-wide group of focused expense pros is led by nine companions who have labored at LLCP for an ordinary of 18 years. Since inception, LLCP has managed about $12.8 billion of institutional cash across 15 financial commitment resources and has invested in above 90 portfolio companies. LLCP now manages $8.9 billion of property and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague and Frankfurt.
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PUB: 02/02/2022 07:00 AM/DISC: 02/02/2022 07:02 AM
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