Norton Rose Fulbright represents Oxylabs in landmark Warburg Pincus investment

Global law firm Norton Rose Fulbright advised Oxylabs, a Lithuania-based web data infrastructure company, on its US$130 million strategic investment from global private equity firm Warburg Pincus. The transaction marks the first outside investment in Oxylabs' history and values the company at approximately US$3.6 billion.

The investment positions Oxylabs to expand as demand for real-time web data continues to increase alongside the rapid adoption of artificial intelligence (AI) and agentic AI technologies. Oxylabs serves more than 350,000 customers worldwide and provides critical infrastructure supporting AI development, cybersecurity, e-commerce intelligence, brand protection and other data-driven industries.

"We are grateful to Oxylabs for the opportunity to support the company on this transformative transaction and for the trust it placed in our team throughout the process," said Lior Nuchi, who co-led Norton Rose Fulbright's representation. "We also want to thank our co-counsel, TEGOS, for their outstanding collaboration and partnership."

"This investment is a significant milestone for Oxylabs and a testament to the company's leadership in the web data industry," said Ryan Waggoner, who co-led Norton Rose Fulbright's representation. "Oxylabs has built a market-leading platform through a decade of innovation, disciplined growth and a strong commitment to responsible data practices. We were pleased to help the company complete this deal that supports its continued momentum."

The transaction reflects continued investor interest in AI-enabling infrastructure and technology companies. According to the firm's Global M&A Trends and Risks 2026 report, 78 percent of respondents identified AI as the most attractive area for dealmaking in 2026, while 67 percent expect technology to experience the highest levels of global M&A activity.

Norton Rose Fulbright's deal team was led by Lior Nuchi (San Francisco) and Ryan Waggoner (New York) and included Saskia Blokland (Amsterdam) and Felicia Boyd (Minneapolis). Additional support was provided by Helen Christakos (San Francisco), Sue Ross, Cassandra Gizzo, Elie Krief, Kevin Chen (New York), Olivia Danner (Chicago), Geert-Jan van Rijthoven, Jan de Wit and Iris Heins (Amsterdam).

The firm's private equity and technology lawyers regularly advise clients on complex, cross-border transactions involving high-growth companies, investors and emerging technologies. With dedicated resources in the world's leading financial centers, the team works seamlessly to assist clients at every stage of the process, from establishment of a fund to creation of a clear exit strategy, whether by private sale, initial public offering, merger or acquisition.