LI-Mint Exclusive: Legal process outsourcing (LPO) and intellectual property (IP) management firm CPA Global Ltd, which is being fully acquired by UK-based Cinven Partners Llp for an estimated $1.45 billion (Rs 7,135 crore), has internally restructured the LPO business unit that failed to hit growth targets in India and saw headcount reductions and senior executives’ departure.

Pangea3’s full acquisition by Thomson Reuters could trigger others to follow suit, predicted the legal process outsourcing (LPO) provider’s co-founder and CEO Sanjay Kamlani in an exclusive Legally India interview, as hundreds of employees will receive a windfall from the sale that will see Pangea3 explore synergies with its new parent and expand with onshore operations in the US.