Francisco Partners, a global investment firm that specializes in partnering with technology businesses, has acquired Barbri Inc. from Leeds Equity Partners LLC.
“We are thrilled to be partnering with Francisco Partners during Barbri’s next stage of growth as we look to build upon our strong franchise within legal education and continue to execute on the significant growth opportunities ahead,” said Steve Fredette, CEO of Barbri. “Working with a technology focused investor will further Barbri’s plans to modernize the way legal education and training are delivered while continuing to provide our customers the highest quality experience.”
“Barbri’s data-driven approach to legal education allows it to deliver mission critical outcomes to students, universities, and legal professionals around the world,” said Jason Brein, partner at Francisco Partners. “We have long admired the company that Steve Fredette and team have built, and we look forward to leveraging our expertise and track record investing in education technology to drive future growth at Barbri.”
Kirkland and Ellis LLP served as legal advisor and Raymond James served as financial advisor to Francisco Partners.