Waterland-supported Ipsilon has acquired 100% of NLO's shares, while the twelve partners of NLO have made a significant reinvestment in the newly formed group. The combined firm now boasts over 400 professionals and operates from multiple offices across seven countries, including France, the Netherlands, Belgium, Germany, and Luxembourg. The private equity-backed deal reflects a growing trend of sponsor-led consolidation in the European legal and intellectual property services market. While PE firms have historically been active in adjacent legal sectors, such as tax consultancy, IP remains a comparatively untapped space. Valerie Feray, founder and CEO of Ipsilon, said the merger marks a transformative step towards building the leading European player in intellectual property. 'By combining complementary cultures, strategies, and a shared focus on high-growth technology sectors, we are pushing the frontiers of IP,' she said. NLO, known for its strength in life sciences, digital...
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