Francisco Partners’ Acquisition of BARBRI

Kirkland & Ellis advised Francisco Partners, while Latham & Watkins LLP represented Leeds Equity in the transaction.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, has signed a definitive agreement to acquire BARBRI Inc. from Leeds Equity Partners, LLC. Terms of the transaction were not announced.

BARBRI is the market leader in technology-enabled legal education, offering a comprehensive product suite across the complete legal education lifecycle. For decades, BARBRI has helped tens of thousands of test takers each year prepare for and pass the Bar exam. More recently, BARBRI has leveraged its technology platform to develop test preparation offerings in the UK with the SQE, in professional education with Paralegal and eDiscovery certification, and in legal education with pre-law bootcamps and online JD courseware.

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. 

Leeds Equity Partners, LLC, is a New York-based private equity firm dedicated exclusively to partnering with management teams in the education, training and information services industries (the “Knowledge Industries”). The firm was founded in 1993 and has managed $3.9 billion of capital across a broad spectrum of companies within the Knowledge Industries. 

Kirkland & Ellis advised Francisco Partners with a team led by corporate partner Sean Kramer and associates Jared Maher and Bella Thornton-Clark, debt finance partners Brian Ford and Andrea Weintraub, tax partner Devin Heckman, executive compensation partner Rohit Nafday, employee benefits partner Adria Crowe, labor and employment partner Sydney Jones, technology & IP transactions partner Vladimir Khodosh, and antitrust partners Andrea Murino and Mark Gardner.

Latham & Watkins LLP represented Leeds Equity in the transaction with a corporate deal team led by New York partner Jane Greyf, with associates Michal Netanyahu and Julia von Turk. Advice was also provided on intellectual property matters by New York partner Steven Betensky; on benefits and compensation matters by New York partner Bradd Williamson, with associate Alisa Hand; on tax matters by Century City partner Pardis Zomorodi, with associate Eric Kamerman; and on finance matters by New York partner Joshua Tinkelman and counsel Seniz Yakut, with associate Alex Harris.

Involved fees earner: Andrea Agathoklis Murino – Kirkland & Ellis; Adria Crowe – Kirkland & Ellis; Brian Ford – Kirkland & Ellis; Mark Gardner – Kirkland & Ellis; Devin Heckman – Kirkland & Ellis; Sydney Jones – Kirkland & Ellis; Vladimir Khodosh – Kirkland & Ellis; Sean Kramer – Kirkland & Ellis; Jared Maher – Kirkland & Ellis; Rohit Nafday – Kirkland & Ellis; Bella Thornton-Clark – Kirkland & Ellis; Andrea Weintraub – Kirkland & Ellis; Steven Betensky – Latham & Watkins; Jane Greyf – Latham & Watkins; Alisa Hand – Latham & Watkins; Alex Harris – Latham & Watkins; Ipek Seniz Yakut – Latham & Watkins; Eric Kamerman – Latham & Watkins; Michal Netanyahu – Latham & Watkins; Joshua Tinkelman – Latham & Watkins; Julia von Türk – Latham & Watkins; Bradd Williamson – Latham & Watkins; Pardis Zomorodi – Latham & Watkins;

Law Firms: Kirkland & Ellis; Latham & Watkins;

Clients: Francisco Partners; Leeds Equity Partners;

Martina Bellini

Author: Martina Bellini