Oakley invests in global legal information platform vLex
Oakley Capital (“Oakley”), the pan-European private equity investor, is pleased to announce that Oakley Capital Origin Fund is partnering with the founders of vLex, a cloud-based legal information subscription platform.
Founded by brothers Lluis and Angel Faus and headquartered in London, Miami and Barcelona, vLex provides over two million users with access to an online library of global legal and regulatory information including case law, legislation, journals and dockets from over 100 countries. vLex’s scalable and smart data ingestion process, coupled with AI-powered search engine functionality makes research and analysis faster and easier, increasing productivity for users. The Company’s diverse customer base includes law firms, universities and law schools, government agencies and corporates across Europe, Africa, Asia, Oceania, the Caribbean, and the Americas.
Cloud-based, online subscription platform offering easy access to global legal & regulatory information
Clients include law firms, universities, corporations and government agencies
Digitisation and increasing legal and regulatory complexity driving growth in $21bln global LegalTech market
vLex has all the hallmarks of an Oakley deal: a fast-growing, disruptive business model in a niche sector, led by ambitious business-founders. We look forward to partnering with Lluis and Angel to help them build a successful product in the global market for legal information
vLex has consistently generated double-digit revenue growth in recent years, thanks to strong management, a differentiated product offering and market tailwinds. The Company expects profits to grow more than 20% this year. The global LegalTech market is worth $21 billion and growing as legal information users digitalise their business models further and amid the growing complexity and internationalisation of laws and regulations.
Oakley’s partnership with vLex builds on the firm’s significant expertise supporting digital-first, data and information platforms including TechInsights, the world’s authoritative information services platform for the global semiconductor industry. It is also Oakley’s fourth platform deal in Iberia, following the firm’s investments in property portal idealista, business software provider Grupo Primavera, and advertising technology disruptor Seedtag. Oakley’s latest investment will help vLex’s management accelerate their strategic goal of building a cost-effective leader in the fragmented market for legal research, through organic growth and M&A.
We’re very proud of the legaltech business we have built here in Barcelona, from start-up to growth phase and now with ambitions to serve the world. Oakley has a strong track record helping successful, tech-enabled businesses grow, through internationalisation, product optimisation and buy-and-build, both in Spain and abroad. We particularly liked their entrepreneurial ethos and heritage, and look forward to working with the Oakley team as we deliver on our strategic objectives for vLex
Lluis & Angel Faus