November 13, 2023

Barings Supports the Acquisition of Chambers and Partners by Abry Partners

Barings, one of the world’s leading investment managers, today announced its role as sole lender of senior secured credit facilities backing Abry Partners’ acquisition of Chambers and Partners, the leading provider of independent legal rankings and market intelligence.

Chambers is the de-facto authority in the legal rankings market with unmatched research rigour, 30+ year brand history, and longstanding relationships with key legal market stakeholders. Its rankings cover c.10,000 law firms and over 100,000 individual lawyers across 216 jurisdictions. Rankings are embedded within the legal community as a critical resource for law firms’ marketing teams, a research source for general counsels and a considerable achievement for the individual solicitors profiled.

Commenting on the deal, Priyanka Surya, Director in Barings’ European Private Finance Group, said: “Chambers has been a consistently high-performing credit since our financing relationship began in 2019. The company has cemented its market leading position with uninterrupted growth through increased customer penetration, new product launches and an impressive digital transformation. We are delighted to continue supporting Chambers in their new partnership with Abry and look forward to their future successes.”

Laura Alexander, Chief Financial Officer at Chambers and Partners: “We have built a great relationship with Barings over the years and are very pleased to continue working with them alongside Abry to execute our vision for Chambers’ expansion.”

Nick Scola, Partner and Co-Head of Buyout Funds at Abry Partners: “Chambers’ reputation as a leader in the UK and global legal rankings services space is outstanding and we are excited to partner with the team to address new opportunities during this next chapter together. We are pleased to continue our longstanding institutional relationship with Barings and are grateful for their financing support on this acquisition.”

About Barings
Barings is a $347+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.

*Assets under management as of September 30, 2023

About Abry Partners
Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $90 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $17 billion of capital across its active funds.

Media contacts
Barings@secnegate.co.uk / Mediarelations@barings.com