26 Nov 2025

Latham & Watkins Advises Blackstone and Blue Owl on Financing for Clio’s US$1 Billion Acquisition of vLex

"Latham & Watkins advised Blackstone and funds managed by Blue Owl Capital on the financing supporting Clio’s US$1 billion acquisition of vLex. The deal includes a strategic US$350 million debt facility led by Blackstone and Blue Owl to support the cross‑border transaction."

Latham & Watkins advised Blackstone and funds managed by Blue Owl Capital in connection with the financing that supported Clio’s acquisition of vLex. Clio has completed its US$1 billion acquisition of vLex, a transaction described as one of the most significant in legal technology history. The financing package for the acquisition included a strategic US$350 million debt facility led by Blackstone and funds managed by Blue Owl Capital. Latham & Watkins represented Blackstone and funds managed by Blue Owl Capital with a team composed by: the cross‑border private credit team led by New York partners Paul Bonewitz and Nicole Fanjul, Los Angeles partner Josh Holt, Chicago counsel Shahid Jamil, and associate Jun Lei Lee, with assistance from Ryan Ng; UK private credit advice by London partners Paul Yin and Fergus Wheeler, with associates Nicolle Odutoye and Charlotte Hoggarth; Spanish private credit advice by Madrid partner Fernando Colomina, with associates Lourdes Colom and Jaime Grau; tax advice by New York partner Bora Bozkurt and London partner Karl Mah, with associates Lina Le Roux, Nicole Lim, and Kathryn Harrington; uniform commercial code matters by New York partner Brian Rock and New York counsel Linda Kim, with associate Sean Travers; and intellectual property matters by Bay Area partner Michelle Gross, with associate Claire Jensen.
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