Fri, 20 Dec 2024 | BUSINESS NEWS
Law firm HF could have its eye on acquisitions after sealing strategic investment from private equity firm CBPE.
The deal will see CBPE acquire a minority stake in HF, providing capital to accelerate the law firm's “ambitious growth strategy and firmly establish us as the leading technology-driven legal services provider to insurance companies and corporates”.
Since 2022, HF has grown its service offering organically as well as through lateral key hires and acquisitions. HF’s strategy focuses heavily on developing innovative technology for clients, including AI-based technology through subsidiary HighFive, as well as investing in market-leading core services which deliver indemnity cost savings and productivity gains for clients.
HF is one of a small number of law firms structured as a limited company, a move introduced to facilitate an all-employee share scheme giving every employee part ownership of the business. The HF team will roll over the majority of their investment, ensuring a continued focus on the quality of client service, innovative technology and the development of its people with continued employee share ownership.
Ronan McCann, chief executive and managing partner at HF said: “Our continued growth over the past few years has naturally attracted interest from outside investors. However, it was always crucial for us to work with an organisation whose values and culture align with ours, making CBPE the perfect partner for us. We’re excited to be stepping into the future with them, their proven track record in the professional services and financial services markets and dynamic approach will fast forward our ability to grow and invest in our innovative technology, our service offering and our people.”
Richard Thompson and Naveen Passi, partners of CBPE, commented: “HF is an outstanding business led by a very strong management team. The business transitioned from a partnership to corporate in 2021. Under Ronan’s leadership, the business has built a client centric growth focused culture. We are backing the business to continue its strong organic growth, further investment in technology and targeted M&A to expand its service offering."
Find out why PE firms are feeling more bullish about the UK
This steady two-partner practice located within Greater Glasgow was established in the 1940s and is on the market for sale.
This profitable accountancy practice, which was established over 50 years ago, is seeking a genuine acquirer.
This practice, which was established over 40 years ago, is available for sale. Practitioners would be available to assist in the transition period to ensure a smooth handover of clients.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.