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Permira confirms $200m investment plans for Legal Zoom

7 Jan 2014

European private equity firm Permira is lining up an investment in online legal document company LegalZoom.

Permira will take a $200m stake in the company, which was previously exploring its options on the public markets.

The firm said it aims to support LegalZoom’s “continuous launch of new products and services” that address an ever-widening set of customer needs while making them even easier to use.

LegalZoom was founded in 2001, and previously secured venture capital backing from US VC heavyweights Kleiner Perkins Caufield & Byers, Polaris Venture Partners and Institutional Venture Partners. The company provides online legal document preparation services for estate planning, trademarks and corporations.

In December 2013, Permira agreed to buy a 75 per cent stake in Canadian natural health product maker Atrium Innovations.

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