Cuatrecasas advises Cleon Capital on two operations that position it as benchmark in alternative legal services sector in Spain
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SubscribeCuatrecasas has advised Cleon Capital, the Italian-Spanish advisor specializing in European companies, on the acquisition of Lexer, a leading technology-driven and comprehensive provider of legal and debt recovery services for businesses. With this transaction, Cleon aims to boost its new growth phase in the alternative legal service providers (ALSP) sector.
Cleon Capital's entry will support and boost Lexer's leadership in the sector through other acquisitions to diversify the business, provide new services in different sectors, and continue investing in technological development.
Cuatrecasas has also advised Cleon-Lexer on the acquisition of Zelsior, a legaltech company providing procedural and legal services in credit management nationwide. Its incorporation will allow Cleon Capital to establish itself as a benchmark in Spain in the comprehensive provision of legal services and representation, mainly in the area of corporate defense against mass litigation and loan portfolio management.
The advisory team on both transactions was made up of Fernando Mínguez, Pedro López-Dóriga, Juan Navajas, Julio Otero, and Rocío Quintanilla (Corporate); Carlos Lasarte, Manuel Atencia, and Sara Ruiz (Finance); and Jorge Arbex and Rocío Aguado (Tax).
Lead counsel Fernando Mínguez said: "Cleon Capital has achieved an outstanding position in the booming alternative legal services sector in Spain, through two related but separate operations, the simultaneity of which has posed complex legal challenges and required innovative solutions. We are very pleased and grateful to Cleon for having trusted in the firm’s experience and resources to achieve this goal.”
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