Axiom break-off rebrands after failing to find a buyer as LOD launches second German hub

Axiom Managed Solutions (AMS) has abandoned efforts to sell to new investors following its split from Axiom, instead rebranding as Factor following further commitments from existing stakeholders.

The legal managed services business was put on the market in early 2019 when the wider Axiom group unveiled plans to pursue an initial public offering (IPO), although that was ultimately abandoned in favour of a sale to Permira.

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