Kirkland & Ellis advised Lexitas on the deal.
Lexitas, a leading provider of high-quality services to the legal market, has agreed to acquire Registered Agent Solutions Inc. (“RASi”), a leading U.S. provider of outsourced Registered Agent and corporate compliance services.
The acquisition will significantly enhance Lexitas’ service line, offering existing and potential customers access to Registered Agent representation, a requirement for businesses under nearly all U.S. state laws, as well as corporate compliance services, such as annual report filing, on a subscription basis.
In conjunction with the transaction, funds advised by Apax Partners, which acquired Lexitas in 2019, have committed additional capital to Lexitas to fund the acquisition of RASi. Terms of the transaction were not disclosed.
Founded in 1987, Lexitas is a leading national provider of legal support services to law firms and insurance companies in the U.S. and today its national sales force serves over 10,000 customers across 38 offices. The company has experienced significant growth in recent years and in the last year alone it completed six acquisitions, including Axiom Requisition and Lumen Legal.
The Kirkland team advising Lexitas was led by transactional partners Adam Thomas Clifford (Picture) and Srinivas Kaushik and associate Adam Holzschuh, debt finance partner Nicholas Schwartz and associate East Berhane, and tax partners Sara Zablotney and Scott Fryman.
Involved fees earner: East Berhane – Kirkland & Ellis; Adam Clifford – Kirkland & Ellis; Scott Fryman – Kirkland & Ellis; Adam Holzschuh – Kirkland & Ellis; Srinivas Kaushik – Kirkland & Ellis; Nicholas Schwartz – Kirkland & Ellis; Sara Zablotney – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;