Clio Acquires vLex for $1 Billion and Closes $500M Series G at $5B Valuation
November 10, 2025
Clio completed its US$1 billion acquisition of legal research and AI provider vLex and concurrently closed a US$500 million Series G led by New Enterprise Associates at a US$5 billion valuation. The transaction includes a US$350 million debt facility led by Blackstone and funds managed by Blue Owl Capital, and Oakley Capital (vLex's majority owner) took equity in Clio as part of the deal.
- Buyers
- Clio, New Enterprise Associates (NEA)
- Targets
- vLex
- Sellers
- Oakley Capital
- Industry
- Cloud & SaaS
- Location
- Catalonia, Spain
- Transaction Type
- Buyout
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