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New Deal


Announced

Completed

Apax Partners-backed Lexitas completed the acquisition of Lumen Legal.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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legal staffing

Majority

Single Bidder

Outsourced HR and Staffing

legal service outsourcing

United States

legal consulting

Acquisition

Private

Completed

Friendly

contract staffing

Environmental Consulting

Private Equity

Synopsis

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Apax Partners-backed Lexitas, a provider of technology-enabled litigation services, completed the acquisition of Lumen Legal, a legal staffing and outsourcing company. Financial terms were not disclosed. "Lumen is an excellent fit with Lexitas, the addition of this acquisition to our platform is an important continuation of our strategic expansion plans. We can now seamlessly offer legal staffing, document review and commercial contracts outsourcing along with our other professional services to leading law firms and corporate legal departments nationwide. We look forward to working with the Lumen team as we accelerate our growth plans both organically and through future acquisitions in the legal talent outsourcing space," Gary Buckland, Lexitas CEO.

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