Inflexion sells Chambers to Abry Partners

Inflexion is pleased to announce it has agreed to sell its investment in Chambers and Partners, a leading B2B information services provider in the legal sector, to Abry Partners, a leading middle market private equity firm. The sale values Chambers at over £400 million and marks a highly successful exit for Buyout Funds IV and V, generating a 4.7x return.

Since it was founded in 1990, Chambers has been the global leader in the provision of independent research, data and analytics across 200 jurisdictions, delivering detailed insight to the world's leading lawyers. Chambers’ offering empowers organisations to make the most informed decisions when selecting legal services and to optimise the management of law firms.

During the investment period, Inflexion committed significant resource to build a digital B2B data and information services platform of scale. An experienced leadership team was recruited to lead the transformation of Chambers away from a paper-based publisher towards a digital and subscription-based product offering. With the support of Inflexion, the business also further penetrated the high-growth markets of China and Brazil and further accelerated growth into the US, with the latter now accounting for nearly a third of FY23 bookings. Driving this growth was significant investment in the research function, the creation of a world-class sales function, which grew substantially from eleven sales FTEs at Inflexion’s investment to c. 65 at exit together with investment in product and tech.

Chambers and Partners

View further information