Portobello Spanish legal services acquiresLegálitas  

Portobello Capital has acquired a majority stake in Legálitas, the largest tech-enabled, Spanish language legal services provider.

Founded in 1999 and headquartered in Madrid, Legálitas is the leading Spanish LegalTech player focused on providing legal advice for families, freelancers and SMEs, with more than 600 employees and 1,000 in-house and associated lawyers with expertise in all legal fields, including consumer, civil and labour law, among others.

Portobello investment strategy is to further consolidate Legálitas as the leading legaltech platform in Spanish language, while increasing commercial activity, fostering improvements in user experience and service quality, and expanding customised solutions for households and small businesses.

Growth in the digital legal services industry has been accelerated during the past year thanks to higher consumer demand of fast, online and on-demand legal advice, and thanks to the rising legal prevention needs of Spanish families and businesses. Legálitas is best positioned to capture this growth opportunity and leverage its current market leadership to provide multi-channel legal solutions to consumers.

The transaction is subject to final approval by the Spanish Insurance Authority.

In this transaction, Legálitas has been advised by the Spanish investment bank Arcano and by Uría Menéndez. Portobello has been advised by Natixis Partners as financial advisor, Simon-Kucher as commercial advisor, KPMG as due diligence advisor and Jones Day as legal advisor.