Less than two years after its spinout from Axiom, legal managed services business Factor has a new majority owner, Carrick Capital Partners, which has expanded its investment in the company.
When Factor rebranded in January, it said it its original investors, Benchmark Capital and Carrick, had “doubled down” on their stakes. Factor CEO Varun Mehta said he could not comment on Benchmark’s investment status, but noted the firm’s position in the company dated back to nearly 20 years ago.
Mehta declined to disclose the size of California-based Carrick’s latest investment, but called it “one of the most significant” in the ...