CPA Global, one of the world’s largest Legal Process Outsourcing (LPO) organizations, specializing in Intellectual Property Management and Contract Management services has announced today that it is to be acquired by UK buy-out group Cinven for £950m ($1.45bn).

The transaction is somewhat of a windfall for Intermediate Capital Group (ICG) who are rumoured to have paid around £400m ($617m) for 40% of CPA Global only two years ago.  The company is said to have doubled revenues in the same time period.

Jersey-based CPA Global has 1,300 employees across 10 countries and is majority owned by the company’s founders and employees.  Asia Pacific is seen to be a key growth market for the company.