Media release
LGT Capital Partners-advised entities support Barbri’s future growth with minority investment
Entities advised by LGT Capital Partners have acquired a minority stake in the tech-enabled legal education provider Barbri to support its future growth initiatives. LGT Capital Partners led the transaction and is entering into a new partnership with existing majority owner Francisco Partners.
Pfaeffikon, 9 January 2025. Founded in 1967 and headquartered in Dallas, Texas, US, Barbri is one of the leading providers of tech-enabled legal learning solutions for law students, professionals, law schools, universities, law firms and other organizations. The company’s mission is to empower every step of the legal learning journey.
LGT Capital Partners has partnered with Francisco Partners, which has held a majority stake in the company since 2021, through a minority recapitalization. Under Francisco Partners ownership, Barbri has evolved from a test-preparation-focused company to a technology-enabled platform provider of learning solutions across the full spectrum of needs for aspiring lawyers to experienced legal professionals. LGT Capital Partners’ investment will support the continued investment into Barbri’s professional learning offerings as well as its European expansion initiatives.
Andreas Hellmann, Partner at LGT Capital Partners, said: “After following the development and transformation of Barbri in recent years, we are pleased to partner with its management team and Francisco Partners to support this value creation journey. The company combines trusted content, innovative technology and data-driven solutions and is well positioned to further strengthen its distinctive position in lifetime legal education.”
LGT Capital Partners has been active as a global direct minority investor since 2010. The investment in Barbri is closely aligned with the firm’s focus on being a leading global provider of capital solutions for private equity fund managers and their portfolio companies. LGT Capital Partners regularly partners with private equity sponsors by acquiring minority stakes in some of their best performing companies to support their capital needs and to facilitate longer-term value creation.
LGT Capital Partners
LGT Capital Partners is a leading global specialist in alternative investing with over USD 100 billion in assets under management and more than 700 institutional clients in 44 countries. An international team of 850 professionals is responsible for managing a wide range of investment programs focusing on private markets, multi-alternatives and diversifying strategies, as well as sustainable and impact strategies. Headquartered in Pfaeffikon (SZ), Switzerland, the firm has offices in San Francisco, New York, Dublin, London, Paris, The Hague, Luxembourg, Frankfurt am Main, Vaduz, Dubai, Beijing, Hong Kong, Tokyo and Sydney.
Francisco Partners
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch 25 years ago, Francisco Partners has invested in over 450 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately USD 45 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.
Sebastian Kistner
Head of Corporate Communications
IMPORTANT INFORMATION
AuM is estimated and subject to change. Private market assets are stated in terms of committed capital. This marketing material was issued by LGT Capital Partners Ltd., Schuetzenstrasse 6, CH-8808 Pfaeffikon, Switzerland and/or its affiliates (hereafter "LGT CP") with the greatest of care and to the best of its knowledge and belief. LGT CP provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this marketing material are those of LGT CP at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are unaudited. This marketing material is provided for information purposes only and is for the exclusive use of the recipient. It does not constitute an offer or a recommendation to buy or sell financial instruments or services and does not release the recipient from exercising his/her own judgment. This marketing material may not be reproduced either in part or in full without the written permission of LGT CP. It is not intended for persons who, due to their nationality, place of residence, or any other reason are not permitted access to such information under local law.
