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Portobello Delays Sale of Legal-Tech Firm on AI Disruption Angst

Portobello Delays Sale of Legal-Tech Firm on AI Disruption Angst
Bloomberg Technology Tuesday 16 June 2026, 13:29 UTC By Rodrigo Orihuela 1 min read
Key Points

Portobello Delays Sale of Legal-Tech Firm on AI Disruption Angst Private equity firm Portobello Capital is delaying its sale of Spanish legal-tech firm Legálitas due to concerns by prospective investors that artificial intelligence will disrupt the sector, according to people familiar with the matter. Madrid-based Portobello started holding talks with funds earlier this year to divest its 76% stake and aimed to start receiving bids by next month, the people said. That schedule will now be...

Portobello Delays Sale of Legal-Tech Firm on AI Disruption Angst Private equity firm Portobello Capital is delaying its sale of Spanish legal-tech firm Legálitas due to concerns by prospective investors that artificial intelligence will disrupt the sector, according to people familiar with the matter. Madrid-based Portobello started holding talks with funds earlier this year to divest its 76% stake and aimed to start receiving bids by next month, the people said. That schedule will now be relaxed, said the people, who asked not to be named because the talks aren’t public.
Portobello Delays Sale of Legal-Tech Firm (ORG) AI Disruption Angst Portobello Delays Sale of Legal-Tech Firm (ORG) AI Disruption Angst Private (ORG) Portobello Capital (ORG) Spanish (ORG) Legálitas (ORG) Madrid (LOCATION) Portobello (ORG)
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