PriestleySoundy are advising Marc-Henri Chamay (Founder and CEO) of aosphere and his Senior Management Team in connection with the establishment of a strategic partnership between Allen & Overy (A&O) and Inflexion who will make a significant investment, alongside Endicott Capital, to drive the continued growth of aosphere. The business will become a stand-alone entity, with A&O retaining a substantial minority stake.
The transaction is expected to close in January 2024. Financial terms are not being disclosed.
aosphere is a legal and compliance data subscription platform. The business was created by A&O in 2002 and serves over 725 blue-chip clients including banks, asset managers and corporates, providing online legal analysis on a subscription basis across a range of key compliance topics in complex areas such as financial derivatives, shareholder disclosure requirements, cross-border marketing, and data privacy.
A&O is one of the world’s top law firms with expertise in banking & finance, M&A, Litigation, funds, IP and related business solutions.
Inflexion is a leading mid-market private equity firm, investing in high growth, entrepreneurial businesses with ambitious management teams and working in partnership to accelerate growth. Inflexion’s flexible approach allows it to back both majority and minority investments, investing £10m to £400m of equity in each deal. Funds advised by Inflexion have funds under management of c.£8bn.
Endicott Capital is a US-based investor specialising in the information services industry and comprised of experienced operators who have built and led successful companies through similar growth ambitions.
A&O are being advised by Macfarlanes and Inflexion are being advised by Travers Smith.
30 October 2023