Ropes & Gray Advises ICG on Investment in Law Business Research

Ropes & Gray has advised Intermediate Capital Group (ICG), the global asset manager, on its investment into Law Business Research (LBR). Under the arrangement, Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, will return significant capital to its investors while remaining a shareholder alongside ICG.

LBR is a technology-driven information services business powering the global legal, intellectual property and governance, risk, and compliance markets. By applying the latest technology to the fast-moving legal world, LBR enables users to find their competitive edge and make decisions with confidence, armed with the insight they need. LBR has over 500 employees with offices in London, Hong Kong, New York, Austin, and Washington DC.

Building on LBR’s accomplishments under LLCP’s ownership, ICG’s support will facilitate further international expansion, investment in product development, and continued growth. LBR has a proven track record of successful acquisitions, notably acquiring Globe Business Media Group, Docket Navigator, Legal Monitor and MBL, and expects to continue leveraging acquisitions to complement its organic growth plan.

The Ropes & Gray team was led by private equity transactions partner Helen Croke with associates Ciara Stratford, George Taylor and William Allen. Other members of the team included Nick Matthew and Padraic Daly; finance partner Alex Robb and associates Jacob Bennett, Hoey Lee, Edward Olsen; tax partner Chris Agnoli and associate Charlie Voisey; data, privacy and cybersecurity partner Rohan Massey, counsel Edward Machin and associate Robyn Bond and trainees Connor Stevens, Lewis Bizaoui, Henry Wendorf and Marina Sultonova.