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WHAT WE’RE WATCHING

PRIVACY PLEASE – Axiom has scrapped plans for an IPO, and a private equity firm has taken a majority stake in the longtime alternative legal services provider, Patrick Smith reports. David Pierce, Axiom’s senior vice president, said European private equity firm Permira provided the best option after the company conducted due diligence following an IPO application filed in February. Permira in 2014 purchased a controlling share in LegalZoom for $200 million.

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