Lexer Group has completed the acquisition of PayPymes, further strengthening its position as a leading provider of technology-enabled legal services while accelerating its expansion into the small and medium-sized enterprise (SME) market.
The transaction marks Lexer's second acquisition in the past nine months and forms part of the buy-and-build strategy being executed in partnership with Cleon Capital Advisors, which is supporting the group's long-term growth through targeted acquisitions and value creation initiatives.
The acquisition expands Lexer's ability to deliver legal and debt recovery solutions to new customer segments while significantly strengthening its presence in the SME market. PayPymes brings extensive expertise in both amicable and judicial debt recovery, together with a highly experienced team that will become part of the Lexer Group.
The integration is expected to enhance Lexer's portfolio of specialised legal services, broaden its operational capabilities and support the continued development of technology-driven solutions designed to improve legal and credit recovery processes.
According to Cleon Capital Advisors, the acquisition represents another important milestone in Lexer's buy-and-build strategy and reflects the firm's commitment to supporting businesses pursuing ambitious growth through acquisitions. Cleon Capital also reaffirmed its intention to continue working alongside Lexer's management team as it executes its long-term value creation strategy.
Lexer has welcomed the PayPymes team to the group, describing the acquisition as the beginning of a new phase of growth. By combining the expertise, talent and capabilities of both organisations, the company aims to strengthen its service offering and further consolidate its leadership in the tech-enabled legal services sector.
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