Peppermint Technology Exits Under SEP's Guidance to Join Litera's Legal Tech Arsenal
Deal News | Feb 09, 2025 | Scottish Equity Partners LLP
Scottish Equity Partners (SEP) has successfully sold Peppermint Technology to Litera, marking a significant milestone in the legal tech sector. Peppermint, known for its cutting-edge, cloud-based legal software applications, has flourished under SEP's investment, leveraging Microsoft technology to transform and modernize legal firm operations. The leadership of CEO Gary Young was pivotal in executing a strategy that saw Peppermint expand internationally, with a strong presence in both the UK and the US markets. SEP's guidance included fostering sustainable growth and embedding ESG practices, positioning Peppermint as a leader within its niche. Director Paul Neeson emphasized the alignment of this sale with SEP's strategic objectives to invest in high-quality B2B software enterprises. The acquisition by Litera promises to accelerate Peppermint's growth trajectory while further entrenching SEP's reputation in effectively scaling legal technology businesses.
Sectors
- Legal Technology
- Private Equity
- Enterprise Software
Geography
- United Kingdom – Peppermint Technology and its expansion efforts initially focused on the UK market.
- United States – Peppermint expanded into North America, significantly impacting its operations and market reach.
Industry
- Legal Technology – Peppermint Technology operates within the legal technology industry, providing cloud-based solutions tailored specifically for law firms.
- Private Equity – Scottish Equity Partners' investment and exit strategy is a key component of the private equity industry.
- Enterprise Software – Peppermint's focus on B2B enterprise software solutions underscores its place within this sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Scottish Equity Partners LLP | Private Equity Firm | Company | The PE firm that invested in Peppermint Technology and facilitated its growth and eventual sale. |
| Peppermint Technology | Target Company | Company | A provider of cloud-based legal technology solutions, recently acquired by Litera. |
| Litera | Acquirer | Company | A global leader in legal tech solutions, Litera acquired Peppermint Technology from SEP. |
| Gary Young | CEO | Person | The CEO of Peppermint Technology who led the company's strategic growth under SEP's investment. |
| Paul Neeson | Director | Person | A Director at SEP who commented on the strategic nature of their investment in Peppermint. |