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UnitedLex CEO Daniel Reed

European private equity firm CVC Capital Partners said Thursday it had acquired a majority stake in Overland, Kansas-based UnitedLex Corp., an enterprise legal services provider that during the past 18 months has signed contracts worth $1.5 billion.

UnitedLex CEO Daniel Reed said the transaction will give his company access to $500 million in debt and equity that he will use to invest in the company’s technology, target businesses for acquisition and to invest alongside the clients it serves.

“It’s enough capital to allow us to really do some transformative things,” Reed said. “It puts us in a situation where we don’t have any constraints anymore. It allows us to think as big and as aggressive as anyone can.”

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