Los Angeles, Calif. – February 24, 2014 – Cooley LLP announced today that it advised LegalZoom.com, the nation's leading provider of online legal solutions for small businesses and families, in its equity acquisition by The Permira Funds. Permira acquired more than $200 million of outstanding equity of LegalZoom through a tender offer of secondary securities.
LegalZoom's management team will remain in place and its largest shareholders, which include Polaris Venture Partners, Institutional Venture Partners and Kleiner Perkins Caufield & Byers, will retain equity in LegalZoom.
The Cooley transaction team was led by corporate and securities partner Tom Hopkins (partner-in-charge of Cooley's Los Angeles office), and included partners Ian Smith (corporate and securities), Renee Deming (compensation and benefits), Francis Fryscak (antitrust) and Jeremy Naylor (tax), with associates Melika Martin, Sara Dale, Aaron Binstock, Nicole Miller and Katherine Decker-Sadowski.
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