LegalZoom sells majority stake to PE buyer for $200M+, withdraws IPO

Interesting that LegalZoom is going this route:

LegalZoom has agreed to sell a majority stake, worth more than $200 million to private equity firm Permira Advisors. The deal means that the company will likely withdraw its previously submitted IPO prospectus

via LegalZoom sells majority stake to PE buyer for $200M+, withdraws IPO | PandoDaily.

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