Today, legal services provider Factor announced that Carrick Capital Partners has become its majority shareholder following a new investment by the private equity firm. With the new funding, the “new law” company intends to almost double its staffing levels worldwide.
While the investment amount was not disclosed, Factor CEO Varun Mehta said it was “multiples upon [Carrick’s] original stake in the business.” He added that the investment was unsolicited, with Carrick, a previous investor and board member of Factor, offering the company an opportunity for additional support. The deal is expected to close in October.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]