Top News

Permira Completes $200M LegalZoom Buy




The deal by private equity firm Permira to acquire the majority stake in Glendale-based egalZoom is now complete, according to Permira. Permira said Friday afternoon that it successfully completed its acquisition of more than $200M of the outstanding equity of LegalZoom, giving it a majority stake of the legal document and services company. Permira said it is now LegalZoom's largest shareholder, and will apoint a majority of the company's board. Permira said that prior investors Institutional Venture Partners and Legalzoom's management team have maintained "the vast majority" of their ownership, with Kleiner Perkins Caufield & Byers keeping its entire stake. Polaris Venture Partners now owns a smaller portion of its ownership in the company. LegalZoom and Permira had announced the deal in January.


 

Marketplace


 

 

Latest Headlines

Browse Issues

 
 

Keep up with all of the latest Southern California high tech news via email (it's free!)



or Cancel