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New Deal


Announced

Hg Capital to invest £28.2m in Litera.

Financials

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Transaction Value£28m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Acquisition

Software

document creation

cleaning documents

software

documents

United States

Private

Cross Border

Minority

Pending

Private Equity

Single Bidder

Synopsis

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Hg Capital, a private equity firm, agreed to invest £28.2m in Litera, a provider of legal technology solutions. "The last two years have seen Litera treble in size, serving many thousands of customers with more solutions and in more geographies. The velocity and complexity of this expansion has been made possible by an incredible team at Litera combined with a fantastic relationship with Hg, whose knowledge and impressive network in legal tech has presented numerous opportunities for the business. We are delighted that Hg is committing further investment into the business to provide Litera with even more firepower to enable us to continue this trajectory for many years to come," Avaneesh Marwaha, Litera CEO.

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