PALO ALTO — LegalZoom, a web-based provider of legal services, withdrew its initial public offering plans Tuesday to pave the way for European private equity firm Permira Advisers to take a $200 million controlling stake. LegalZoom tapped a Los Angeles–based team from Cooley to advise on the acquisition, which is expected to close during the first quarter. Permira sought counsel from Fried, Frank, Harris, Shriver & Jacobson.
Glendale’s LegalZoom first filed to go public in May 2012, but it had shelved those plans by August of that year after a series of false starts. A team from Sheppard Mullin had been advising LegalZoom on its planned IPO.
