L.A. private equity firm Leonard Green & Partners has agreed to buy software and data analytics provider CPA Global from London private equity firm Cinven for a reported 2.4 billion pounds ($3.1 billion), Cinven announced Tuesday.
CPA Global provides intellectual property and technology software, data and analytics services to corporations and law firms. The company is based in Jersey, a crown dependency of the United Kingdom and one of the Channel Islands, and has 23 global offices with more than 2,000 employees.
Cinven purchased CPA Global five years ago for approximately 950 million pounds ($1.5 billion), according to reports in both Reuters and the Financial Times.
Leonard Green, based in West Los Angeles, is paying roughly 15 times CPA Global’s earnings of 155 million pounds ($200 million), according to the financial press reports.
Public policy and energy reporter Howard Fine can be reached at [email protected]. Follow him on Twitter @howardafine.
