We have advised the management team of Chambers and Partners on the sale of Inflexion's investment in the firm to Abry Partners, a leading middle market private equity firm headquartered in North America. The sale values Chambers at over £400 million and marks a highly successful exit for Inflexion's Buyout Funds IV and V, generating a 4.7x return.
Founded in 1990, Chambers is one of the world’s leading legal ranking and insights intelligence company. The firm's research team provides independent and impartial research across 200 jurisdictions and delivers insight on the market and the world's leading lawyers.
Chambers has undergone a large transformation during Inflexion's investment period. An experienced leadership team was built and a three year strategy deployed focusing on the research, data and analytics along with key geographic regions, including China, Brazil and the US. With Inflexion's support, Chambers also pivoted away from being a paper-based publisher towards a full digital offering and focused on building its commercial, product and tech functions.
Commenting on the transaction, private equity partner Emma Danks commented: "This transaction highlights the growing interest from the private equity sector in companies providing specialised information. Chambers has achieved a significant transformation with the leadership from the management team and the support of Inflexion. It's been great to work collaboratively with all parties involved and support Tim and his management team as they embark on the next chapter with Abry. We look forward to watching what the two parties accomplish together as Chambers continues to evolve."
Tim Noble, Chief Executive of Chambers, said: “I have been very proud to lead the transformation of Chambers. We are very grateful to Inflexion for their support and are excited to be working with Abry on our further evolution. We would also like to thank the Taylor Wessing team for their invaluable support on this transaction. Their expertise and responsiveness were fantastic. We've been very impressed with the team's commitment to delivering excellent client service throughout the process.”
The team was led by partner Emma Danks with support from partner Suzy Davis, senior associates Ryan Brown and Alexandra Poland and associate Kayla Sinclair in the Private Equity team, along with specialist input from partners Graham Samuel-Gibbon and Claire Matthews and senior associates Sally Robertson and Elliot Michaelson Taylor in the Tax and Incentives team and partner Sian Skelton in the Technology, IP and Information team.
