Willkie Farr & Gallagher said its London office advised California-based private equity firm Levine Leichtman Capital Partners on its deal to acquire workflow software solution provider BigHand Ltd., in partnership with the company’s management.
Estimated value of the deal is $220 million, or 165 million pounds, according to a spokesman for the main seller, London-based Bridgepoint Development Capital, who said it was advised by U.K. firm Travers Smith. Another seller, minority co-investor LDC, did not immediately respond to a request for comment.
BigHand has U.K. headquarters and offices in the U.S. Canada, Netherlands, and Australia. Its software and tools for workflow, document creation, business intelligence, and matter pricing are used by over 600,000 users at over 3,500 organizations worldwide, according to Levine Leitchman, including well known global law firms.
Bridgepoint Development Capital Partner Mark Stroud said that since Bridgetpoint’s purchase of the company for 48 million pounds in 2012, BigHand expanded both through internal development and via M&A, completing six add-on acquisitions.
To contact the reporter on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com
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