Law firm Stephenson Harwood has advised Bowmark Capital LLP, and the other shareholders of Law Business Research (LBR), on the sale of LBR to Levine Leichtman Capital Partners.

In 2013, Bowmark Capital, the mid-market private equity firm, acquired LBR, a leading provider of research, news, data and insight on international business law and legal markets. Since then, LBR has more than doubled its sales and profits. It has added new territories and products, including two new titles, ’Global Investigations Review’ and ’Global Restructuring Review’, as well as a new workflow application, ’Arbitrator Research Tool’.  It has also significantly enhanced its technology platform and opened offices overseas, while employee numbers have grown by 80 per cent.

“We were pleased to further build on our long-standing relationship with Bowmark Capital,” said Jonathan Pittal, partner, Stephenson Harwood. “Advising on this transaction – which we executed in under a week – was an excellent opportunity to demonstrate the strength of our team.”

The Stephenson Harwood team was led by corporate partner Jonathan Pittal, who was assisted by a team comprising, among others, corporate senior associate Pippa Byrne and finance senior associate Daniel Margolis.