LegalZoom’s $500 Million Secondary Investment


Fried Frank acted as counsel to Permira Advisers in the US$500 million secondary investment in its portfolio company, LegalZoom, led by Francisco Partners and GPI Capital. LegalZoom is the leading provider of legal solutions for small businesses and families.

The investment included participation from one or more Franklin Templeton Investments funds and funds managed by Neuberger Berman Investment Advisers. Following completion of the transaction, existing investors will retain meaningful stakes in the company, with Permira remaining the largest shareholder. The transaction is subject to customary regulatory approvals and is expected to close during the third calendar quarter of 2018. The terms of the transaction were not disclosed.

The Fried Frank team was led by corporate partner Brian T. Mangino (Picture) and included corporate partners Joshua Thomas Coleman and J. Christian Nahr; antitrust and competition partner Nathaniel L. Asker; executive compensation & ERISA partner Adam Kaminsky; tax partner Alan S. Kaden; corporate associates Roxanne Lepore, Arielle D. Matza, and Ariana Omar; antitrust and competition associates Neda Moussavi and George L. Wolfe; and tax associate Shane C. Hoffmann.

Involved fees earner: Brian Mangino – Fried Frank Harris Shriver & Jacobson; Joshua Thomas Coleman – Fried Frank Harris Shriver & Jacobson; Christian Nahr – Fried Frank Harris Shriver & Jacobson; Roxanne Lepore – Fried Frank Harris Shriver & Jacobson; Arielle Matza – Fried Frank Harris Shriver & Jacobson; Ariana Omar – Fried Frank Harris Shriver & Jacobson; Nathaniel Asker – Fried Frank Harris Shriver & Jacobson; Neda Moussavi – Fried Frank Harris Shriver & Jacobson; George Wolfe – Fried Frank Harris Shriver & Jacobson; Adam Kaminsky – Fried Frank Harris Shriver & Jacobson; Alan Kaden – Fried Frank Harris Shriver & Jacobson; Shane Hoffmann – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Permira;