Francisco Partners to back software firm Paradigm - sources

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Private equity firm Francisco Partners has agreed to invest in legal software platform Paradigm in a deal that valued the firm at US$400 million, people familiar with the matter told Reuters. The deal is the latest bet on the legal technology sector from Francisco Partners, which earlier this year took on

Private equity firm Francisco Partners has agreed to invest in legal software platform Paradigm in a deal that valued the firm at US$400 million, people familiar with the matter told Reuters.

Under the Paradigm deal, current majority owner Alpine Investors will sell its entire stake to Francisco Partners, the sources said. The sources requested anonymity as the discussions are confidential.

 

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