Intermediate Capital Group (ICG) has now acquired a significant minority stake in legal information and services operation CPA Gobal. The terms of the transaction are not disclosed. According to the available information,
"Founded in Jersey in 1969, originally to manage patent renewals, CPA Global has expanded over the years to become a multinational company that is the clear market leader in the global intellectual property (IP) services market and one of the world's leading providers of broader legal services outsourcing, including litigation support, document review and contract management. The legal services outsourcing sector is expected to grow rapidly over the next few years, with estimates of the potential market value in the tens of billions of dollars".It would be lovely to know the details. Does anyone know?
Several other buyout firms, including LDC, are apparently interested in acquiring CPA, which is thought to be contemplating the sale of at least 25% of the group.