LegalZoom Announces $500 Million Secondary Investment
Los Angeles – August 2, 2018 – Cooley is advising LegalZoom on a $500 million secondary investment led by Francisco Partners and GPI Capital. Partner Tom Hopkins is leading the Cooley team advising the company.
The investment also includes participation from one or more Franklin Templeton Investments funds and funds managed by Neuberger Berman Investment Advisers. LegalZoom has continued to build on its market leadership position by launching new services to small businesses and families while expanding into new channels and territories. The transaction is subject to customary regulatory approvals and is expected to close Q3 2018.
As part of their firms’ investment in LegalZoom, Dipanjan “DJ” Deb and Neil Tolaney from Francisco Partners and Khai Ha from GPI Capital will join the company’s board of directors. Jeff Stibel of Bryant Stibel, who has served on the LegalZoom board of directors since 2015, will assume the role of chairman.
“We’re excited to partner with an impressive set of new growth equity investors that will support our efforts to democratize law,” said LegalZoom CEO John Suh in a news release.
LegalZoom is a trusted platform of people and technology that gives the world access to consistently high quality legal solutions.
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