M&A Deal Summary

ABRY Partners Acquires Best Lawyers

On December 1, 2021, private equity firm ABRY Partners acquired business services company Best Lawyers from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is ABRY Partners’ 19th transaction in the Business Services sector.
  • This is ABRY Partners’ 135th transaction in the United States.
  • This is ABRY Partners’ 7th transaction in Georgia.

M&A Deal Summary
Date 2021-12-01
Target Best Lawyers
Sector Business Services
Buyer(s) ABRY Partners
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout
Advisor(s) Citizens Capital Markets (Financial)
Honigman (Legal)

Target

Best Lawyers

Augusta, Georgia, United States
Best Lawyers is a peer-reviewed and recommended lawyer who guides the best individuals and firms in their fields through our proven methodology. Best Lawyers was founded in 1981 and is based in Aiken, South Carolina.

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Buyer(S) 1

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 158 of 171
Sector (Business Services) 19 of 22
Type (Secondary Buyout) 38 of 41
State (Georgia) 7 of 7
Country (United States) 135 of 145
Year (2021) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Beacon Pointe

Newport Beach, California, United States

Beacon Pointe is a registered investment adviser. Clients rely on Beacon Pointe’s professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, evaluate fund performance, and develop strategic financial plans. Beacon Pointe was founded in 2002 and is based in Newport Beach, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Edgile

Austin, Texas, United States

Edgile is a transformational cybersecurity consulting provider that focuses on risk and compliance, information and cloud security, and digital identity. Edgile was founded in 2001 and is based in Austin, Texas.

Sell -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 46 of 57
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 25 of 30
State (Georgia) 2 of 3
Country (United States) 43 of 51
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Caring Brands International

Sunrise, Florida, United States

Caring Brands International is a provider of home healthcare services under three global brands: Interim Healthcare (United States), Bluebird Care (United Kingdom & Republic of Ireland) and Just Better Care (Australia). The franchisees offer patients a full continuum of care including skilled home nursing, assistance with daily living activities and end-of-life hospice care. Caring Brands International was founded in 1966 and is based in Sunrise, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 West Academic

Saint Paul, Minnesota, United States

Legal Education Holdings, Inc. is a publisher of legal textbooks, casebooks, study guides, and other course-related materials in both print and digital media formats for law school faculty and students in the United States. Legal Education Holdings works with the leading legal scholars in the US and provides its products under the West Academic, Foundation Press and Gilbert imprints. West Academic was founded in 2013 and is based in Saint Paul, Minnesota.

Sell -
Mergr

Product

Company

Legal