FT reports..
Sale of legal ranking specialist to US investment group Abry Partners is latest deal in sector to attract investor capital
UK private equity firm Inflexion has agreed to sell legal rankings provider Chambers and Partners to US investment group Abry Partners, the latest deal in a sector that is attracting keen investor interest. The deal values Chambers at more than £400mn, according to a person familiar with the deal, netting Inflexion about four and half times its initial investment. The acquisition marks private equity’s latest bet on a company that provides information to the financial services and legal industries.
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