04 Nov 2025

"Cleon Capital Expands in Legal Services Sector with Acquisitions of Lexer and Zelsior"

"Cuatrecasas has advised Cleon Capital on its acquisition of Lexer, a leading provider of legal and debt collection services, and Zelsior, a legaltech company specializing in credit management. These acquisitions aim to strengthen Cleon Capital's position in the alternative legal service providers (ALSP) sector, diversify its offerings, and enhance technological development. The transactions will also establish Cleon Capital as a key player in Spain for comprehensive legal services and representation, particularly in mass litigation and loan portfolio management."

Cuatrecasas has advised Cleon Capital, an Italian-Spanish advisor specializing in European companies, on its acquisition of Lexer and Zelsior. Cleon Capital acquired Lexer, a leading technology and comprehensive provider of legal and debt collection services for companies, as part of its strategy to grow in the alternative legal service providers (ALSP) sector. The transaction aims to strengthen Lexer’s leadership in the sector through further acquisitions, diversification of services, and technological development. Additionally, Cleon Capital acquired Zelsior, a legaltech company specializing in procedural and legal services in credit management at the national level. This acquisition will position Cleon Capital as a benchmark in Spain for comprehensive legal services and representation, particularly in defending companies against mass litigation and managing loan portfolios. The Cuatrecasas team advising on both transactions included Fernando Mínguez, Pedro López-Dóriga, Juan Navajas, Julio Otero, and Rocío Quintanilla from the Corporate practice; Carlos Lasarte, Manuel Atencia, and Sara Ruiz from the Financial practice; and Jorge Arbex and Rocío Aguado from the Tax practice.
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