November 29, 2023


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Levine Leichtman Capital Companions Portfolio Business BigHand Acquires Iridium Technological innovation | Business enterprise

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LOS ANGELES–(Business enterprise WIRE)–Feb 2, 2022–

BigHand Ltd. (“BigHand”), a portfolio organization of Levine Leichtman Funds Associates (“LLCP”), announced today that it has obtained Iridium Technological innovation (“Iridium” or the “Company”) from Polaris Advancement Fund. Phrases of the transaction have been not disclosed.

BigHand is a leading legal technological know-how software package platform built to boost the workflow, efficiency and profitability at regulation corporations around the world. Its specialized offerings involve workflow administration, document creation, business enterprise intelligence and issue pricing options that support in excess of 3,500 companies and 810,000 end users worldwide. Established in 1995, BigHand is headquartered in London, Uk, and has workplaces in the US, Canada, the Netherlands and Australia.

Established in 2009, Iridium is a top authorized enterprise intelligence and analytics application company to law companies worldwide. The Corporation offers a blend of knowledge-driven administration instruments that allow law firms to improve their productivity and profitability. Iridium supports 300 consumers, such as 50% of the AmLaw 200 firms and numerous other leading law firms around the globe. The comprehensive Iridium group are joining the BigHand group productive these days. The mixed group will have a international workforce of about 350 personnel.

Sam Toulson, Main Government Officer of BigHand, commented, “Law companies are less than ongoing strain to make improvements to their efficiency while simultaneously rising their profitability. Our goal has normally been to supply our customers the most effective methods and guidance, so we strategically and selectively find to join forces with acquisition companions that align to our plans and individuals of our consumers. We glimpse to increase important worth for our customers, and that is what helps make this acquisition incredibly exciting. The addition of Iridium provides our purchasers an option to entry a huge volume of info that will permit their corporations to go from the practice of legislation to the organization of regulation.”

Josh Kaufman, Senior Handling Director at LLCP, added, “We are thrilled to guidance the addition of Iridium on to the BigHand system. This strategic acquisition considerably expands BigHand’s presence in North America and additional broadens its suite of products, precisely all around offering legislation corporations with info and analytics program made to increase effectiveness and profitability.”

BigHand is a portfolio firm of Levine Leichtman Capital Associates VI, L.P.

About Levine Leichtman Capital Partners

Levine Leichtman Capital Partners, LLC is a middle-sector personal equity business with a 38-calendar year observe file of investing throughout several qualified sectors, including franchising, enterprise products and services, schooling and engineered items. LLCP utilizes a differentiated Structured Personal Equity investment decision method, combining debt and equity cash investments in portfolio companies. This unique construction provides a less dilutive answer for management teams and entrepreneurs, though offering expansion and cash flow with a drastically reduce danger profile.

LLCP’s world wide team of devoted expenditure experts is led by 9 partners who have labored at LLCP for an normal of 18 several years. Due to the fact inception, LLCP has managed roughly $12.8 billion of institutional funds throughout 15 expense resources and has invested in above 90 portfolio organizations. LLCP currently manages $8.9 billion of assets and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague and Frankfurt.

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Resource: Levine Leichtman Cash Associates, LLC

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PUB: 02/02/2022 07:00 AM/DISC: 02/02/2022 07:02 AM

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