Cuatrecasas advises Cleon Capital on the acquisition of Lexer and Zelsior

Cuatrecasas has advised Cleon Capital, the Italian-Spanish advisor specializing in European companies, on the acquisition of Lexer, a leading technology and full-service legal and debt collection provider. With this transaction, Cleon aims to drive its next phase of growth in the alternative legal service providers (ALSP) sector.

Cleon Capital’s entry will support and strengthen Lexer’s leadership in the sector through further acquisitions, enabling business diversification, the provision of new services across different industries, and continued investment in technological development.

Cuatrecasas also advised Cleon-Lexer on the acquisition of Zelsior, a legaltech company offering procedural and legal credit management services nationwide. Its integration will allow Cleon Capital to establish itself as a key player in Spain in providing comprehensive legal services and representation, particularly in corporate litigation defense against mass claims and loan portfolio management.

The advisory team for both transactions included Fernando Mínguez, Pedro López-Dóriga, Juan Navajas, Julio Otero, and Rocío Quintanilla (Corporate); Carlos Lasarte, Manuel Atencia, and Sara Ruiz (Finance); and Jorge Arbex and Rocío Aguado (Tax).

As team leader, Fernando Mínguez highlighted: “Cleon Capital has achieved a very prominent position in Spain’s alternative legal services industry, a sector currently experiencing significant growth, through two related but separate transactions, whose simultaneity posed complex legal challenges and required innovative solutions. We are very pleased and grateful to Cleon for trusting the firm’s experience and resources to achieve this goal.”