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Legal process outsourcer UnitedLex sold for around $200m to CVC: law firms AZB, PDS, CAM, Khaitan assist

US-headquartered legal process outsourcing (LPO) provider UnitedLex, which has significant operations in India and must have recruited at least hundreds of graduates from Indian law schools since its founding in 2006, has been sold in entirety to CVC Capital Partners, reported VCCircle.

The deal amount, according to an Economic Times report in July, was around $200m for the legal services provider operating as an alternative business structure (ABS), which has 2,700 staff in nine countries, as well as several India offices in Bangalore and Gurgaon.

AZB & Partners partners Ashwath Rau and Kashish Bhatia and senior associates John Raghav and Karishma Muravne, acted for CVC Capital Partners, according to AZB’s press release.

The Lawyer magazine reported that White & Case New York partner Brian Smarsh also acted for CVC Capital Partners.

PDS Legal is understood to have acted for UnitedLex, though The Lawyer reported that the majority of negotiations were headed up in-house by the company’s CEO Dan Reed.

Cyril Amarchand Mangaldas partner Rithika Rathi and US firm Morrison Cohen advised exiting investors Helion and investment bank JPMorgan.

Khaitan & Co partner Mayank Singh acted for exiting investor Madison Capital.

In 2010, LPO Pangea3 had been sold to Thomson Reuters, while in 2012, CPA Global was sold off to private equity fund Cinven.

foreigndeal: US

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