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New Deal


Announced

TCV and JMI Equity invest $250m in Clio.

Financials

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Transaction Value£207m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

cloud-based services

Pending

Canada

Digital Services

legal technology

Friendly

cloud technology

Acquisition

Private

Majority

Single Bidder

Synopsis

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TCV and JMI Equity, two of US-based private equity firms invest $250m in Clio (Themis Solutions), a cloud-based legal technology company. “Clio is not only solving some of the biggest pain points for the legal profession, but it is also creating a platform for the future of legal services, and we look forward to partnering with the team in the company’s continued growth and success,” Sureel Sheth, JMI Principal.

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