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  • LegalZoom Receives Significant Investment from Permira

    January 24, 2014

    FORBES – LegalZoom, the online legal-services firm, announced earlier this month that it had dropped its plan to go public and instead will sell a controlling stake to Permira, the U.K. private-equity firm that also owns brands like Ancestry.com, Hugo Boss and Doc Maartens.

    What do online legal services have to do with funky shoes, designer clothes or people curious about their heritage? Not much, except for Permira’s ability to help build its portfolio companies through strategic mergers and acquisitions. LegalZoom is one of the biggest companies trying to slice off lucrative pieces of the $230 billion-a-year U.S. legal business, by attacking the low end of the market with products like online wills, trademark applications and articles of incorporation.

     



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