European private equity firm Cinven has acquired legal outsourcing company CPA Global, from its shareholders including Intermediate Capital Group (ICG), according to media reports.
Legalweek reports DLA Piper, which also advised CPA on the 2010 transaction, is now representing CPA's management on the proposed sale.
Travers Smith is advising CPA with a team led by Corporate Head Chris Hale, who also advised CPA and ICG two years ago on the management buyout and acquisition by ICG.
Freshfields Bruckhaus Deringeris advising Cinven with a team led by Corporate Partners David Higgins and Adrian Maguire along with Finance Partner Sean Pierce.
While financial details for the deal are undisclosed the transaction comes two years after Intermediate Capital Group acquired a minority stake in the company for £400 million. As part of the 2010 deal ICG took a 47 per cent stake while the management team, led by chief executive Peter Sewell, retained a 22 per cent share, reports M & A Deals.
CPA Global provides clients in sectors such as telecoms and pharmaceuticals with IP management services and software to help protect rights and maintain value.
According to the press release, the transaction is subject to the approval of a Scheme of Arrangement in Jersey and regulatory clearances, and is expected to close by the end of the first quarter of 2012.
With offices across Europe, United States and Asia Pacific, CPA Global supports many of the world's best known corporations and law firms with a range of IP management services and software solutions. Clients include large corporates in sectors such as chemicals, pharmaceuticals, and telecoms with significant patent portfolios arising from research and development activities.
CPA Global was founded in 1969 in Jersey, Channel Islands, originally to manage patent renewals on behalf of numerous firms of patent attorneys. Today, the group employs 1,500 people, serving clients' broader IP management and legal support services needs in over 100 countries.
Legalweek reports DLA Piper, which also advised CPA on the 2010 transaction, is now representing CPA's management on the proposed sale.
Travers Smith is advising CPA with a team led by Corporate Head Chris Hale, who also advised CPA and ICG two years ago on the management buyout and acquisition by ICG.
Freshfields Bruckhaus Deringeris advising Cinven with a team led by Corporate Partners David Higgins and Adrian Maguire along with Finance Partner Sean Pierce.
While financial details for the deal are undisclosed the transaction comes two years after Intermediate Capital Group acquired a minority stake in the company for £400 million. As part of the 2010 deal ICG took a 47 per cent stake while the management team, led by chief executive Peter Sewell, retained a 22 per cent share, reports M & A Deals.
CPA Global provides clients in sectors such as telecoms and pharmaceuticals with IP management services and software to help protect rights and maintain value.
According to the press release, the transaction is subject to the approval of a Scheme of Arrangement in Jersey and regulatory clearances, and is expected to close by the end of the first quarter of 2012.
With offices across Europe, United States and Asia Pacific, CPA Global supports many of the world's best known corporations and law firms with a range of IP management services and software solutions. Clients include large corporates in sectors such as chemicals, pharmaceuticals, and telecoms with significant patent portfolios arising from research and development activities.
CPA Global was founded in 1969 in Jersey, Channel Islands, originally to manage patent renewals on behalf of numerous firms of patent attorneys. Today, the group employs 1,500 people, serving clients' broader IP management and legal support services needs in over 100 countries.
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