- Aosphere will become a stand-alone entity with A&O retaining a minority stake
- Inflexion will invest in Aosphere via its Partnership Capital II fund
- Inflexion is a mid-market private equity firm
Inflexion Private Equity will make a strategic investment in Aosphere, a legal and compliance data subscription company, alongside A&O and Endicott Capital.
Inflexion will invest in Aosphere via its Partnership Capital II fund.
Aosphere will become a stand-alone entity with A&O retaining a minority stake in the company it created in 2002.
Aosphere is planning to grow in the US, where appropriate through acquisition, the release said.
“The sector is one we’ve tracked for some time as heightened regulatory scrutiny and complexity have led to growing demand for efficiency and thus outsourcing in legal spend,” said David Whileman, partner and head of partnership capital at Inflexion.
London-based Aosphere provides online legal analysis on a subscription basis in areas such as financial derivatives, shareholder disclosure requirements, cross-border marketing and data privacy.
Inflexion is a mid-market private equity firm that invests £10 million to £400 million of equity in each deal. It has offices in London, Manchester, Amsterdam and Stockholm.
A&O is an international legal firm based in London.
Endicott is a New York–based investment firm.
No financial details of the transaction were disclosed.
Inflexion is advised by Harris Williams. Lazard is serving as financial advisor to Aosphere and A&O.