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Inflexion Non-public Fairness and Allen & Overy (A&O) have introduced a strategic partnership to drive the continued progress of aosphere.
The authorized and compliance knowledge subscription platform will change into a stand-alone entity with A&O retaining a major minority stake within the worthwhile enterprise it created in 2002.
As a part of the transaction, Inflexion’s Partnership Capital II fund will make a strategic funding alongside A&O and Endicott Capital, a US-based investor specialising within the data providers business and comprised of skilled operators who’ve constructed and led profitable corporations by comparable progress ambitions.
aosphere serves over 725 blue-chip purchasers together with banks, asset managers and corporates, offering on-line authorized evaluation on a subscription foundation throughout a spread of key compliance matters in complicated areas reminiscent of monetary derivatives, shareholder disclosure necessities, cross-border advertising and marketing, and knowledge privateness. The platform creates efficiencies for customers by offering standardised authorized evaluation on complicated and multi-jurisdictional regulatory areas, sustaining up-to-date, prime quality data working with native counsel throughout the globe.
The partnership will see aosphere create a scaled, international regulatory knowledge enterprise throughout a spread of cross-jurisdictional matters. With Inflexion’s and Endicott’s assist, the corporate will proceed to take a position to strengthen and increase its product, whereas sustaining the excessive stage of service and knowledge high quality aosphere is broadly identified for. Specifically, aosphere is seeking to develop the enterprise within the US and the place applicable by acquisition.
David Whileman, Associate and Head of Partnership Capital at Inflexion commented: “The sector is one we’ve tracked for a while as heightened regulatory scrutiny and complexity have led to rising demand for effectivity and thus outsourcing in authorized spend. We now have been very impressed by what Marc-Henri and his workforce, with the assist of A&O, have constructed. The standard of aosphere’s providing and its repute available in the market are really distinctive. We see unbelievable potential in persevering with to increase the platform and are excited to associate with Marc-Henri and A&O to proceed this journey collectively.”
Marc-Henri Chamay, Chief Govt of aosphere, stated: “This partnership creates a major alternative for us to speed up our progress. Inflexion shares our imaginative and prescient of offering purchasers with probably the most complete, dependable, and user-friendly authorized and regulatory data and providers. By combining our strengths and capabilities, we can provide our purchasers extra selection, extra worth, and extra influence. We’re excited to embark on this journey with Inflexion, Endicott and A&O.”
Lazard is serving as monetary advisor to aosphere and A&O.
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