Levine Leichtman Capital Partners has acquired Law Business Research (LBR), a provider of research, news, data and insight on international business law and legal markets, from Bowmark Capital.
LBR, which was established in 1996, was sold to Bowmark in 2013. The sale was managed by Fusion Corporate Partners on behalf of its original founders, Richard Davey, Callum Campbell and Sebastian O’Meara.
LBR creates content spanning 120 jurisdictions across its brands, serving a client base that comprises major corporations, government agencies and the global legal industry. It is a information provider in fields such as competition law, arbitration law, cross-border investigations and Latin American corporate law.
Since Bowmark acquired the company, LBR has more than doubled its sales and profits. It has added new territories and products, including two new titles, ’Global Investigations Review’ and ’Global Restructuring Review’, as well as a new workflow application, ’Arbitrator Research Tool’. It has also significantly enhanced its technology platform and opened offices overseas. During this period, employee numbers grew by 80 per cent.
Julian Masters, Bowmark senior partner, added: “The fact that 96 per cent of the world’s top law firms work with LBR is a tribute to the quality of the business and its management team. The company is well-positioned to continue its strong record of success under its new owner.”
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