Latham, DLA and Freshfields lead on Cinven's £2.4bn sale of legal process outsourcer
US private equity firm acquires CPA Global as Cinven exits after five years
August 29, 2017 at 08:58 AM
2 minute read
Latham & Watkins, DLA Piper and Freshfields Bruckhaus Deringer are acting on Cinven's £2.4bn sale of legal process outsourcer CPA Global to US private equity firm Leonard Green Partners.
The sale comes five years after Cinven purchased CPA for about £950m. The company, which has handled legal outsourcing for major corporates such as Microsoft and Rio Tinto, also provides intellectual property (IP) management and data and analytics services.
Freshfields is taking the lead role for long-term client Cinven. The firm is also advising CPA with a team led by London corporate partners David Higgins and Adrian Maguire.
CPA, which manages more than two million patents for over 10,000 customers around the world, has 23 offices worldwide and is headquartered in Jersey.
Leonard Green has turned to Latham on the deal, with corporate and private equity partner Michael Bond leading the firm's team.
DLA Piper is advising CPA's management with a team led by UK head of corporate and partner Charles Cook, alongside London corporate partners David Raff and Chris Baird.
Freshfields and DLA also advised on Cinven's 2012 acquisition of CPA from Intermediate Capital Group. Freshfields acted for Cinven on that deal, with Travers Smith leading for CPA and CPA's management advised by DLA Piper.
In 2010, CPA recruited Rio Tinto general counsel Leah Cooper as director of legal services outsourcing. Cooper subsequently left to launch her own consulting business, Leah Cooper Consulting.
About half of CPA's legal clients are corporations, while the other 50% are law firms, including Eversheds Sutherland and Clifford Chance.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Leaders at Top French Firms Anticipate Strong M&A Market in 2025 Despite Uncertainty
6 minute read
EU Parliament Gives Blessing to New EU Competition Chief Ribera Rodríguez
2 minute read
Simpson Thacher Becomes Second Firm to Launch in Luxembourg in 2 Days With A&O Shearman Hires
3 minute read
HSF Hires Trio for Luxembourg Launch, Builds Private Capital Practice
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
