Thu, 26 Jan 2023 | BUSINESS NEWS
Stowe Family Law, a Leeds-headquartered specialist family law firm which is backed by private equity firm Livingbridge, has said it will target further M&A deals in 2023 after completing its first acquisition last year.
The company, which was founded in 1982 and received backing from Livingbridge in 2017, acquired London-based boutique family law firm Chapman Pieri in April 2022 and is now working to identify further complementary acquisitions in 2023.
Stowe Family Law chairman Ken Fowlie commented: "In 2022, the firm completed its first acquisition, joining forces with the boutique London family law firm, Chapman Pieri.”
"Following the successful integration of Chapman Pieri, the firm is working with its key stakeholders and being advised by Springboard Corporate Finance to identify more acquisition opportunities in 2023 with aligned specialist family law firms.”
The company registered solid growth during 2021/22, opening 16 new offices and growing its turnover to £17.5 million from £14.1 million a year earlier, while cutting its post-tax losses to £4.74 million from £5.01 million. During the current financial year, the company has expanded further, opening its 59th office last month.
As well as M&A and organic growth, the company’s expansion has been supported by strong investment in IT, marketing, client care infrastructure and case management.
Ken Fowlie commented: "Over recent years, the firm has grown turnover by more than 25 per cent YoY. That growth has been delivered by gaining share in existing markets and by extending the firm's reach to new towns and cities. Since 2020, the firm has opened in nearly 40 new locations across England and Wales.”
"With the support of our majority owner Livingbridge Private Equity and our lenders Virgin Money, the firm has made significant investments in people, technology, and digital marketing, each of which supports the firm's growth and performance."
Find out more about private equity-backed M&A growth strategies.
Read more on developing M&A trends for 2023.
Find businesses for sale here.
If you are looking for an exit, we can help!.
An outsourced employment law and HR specialist offering a comprehensive range of services for clients throughout the UK.
LEASEHOLD
The company offers personalised services to a growing client base, ensuring all art mounting, conservation and restoration requirements are met by a team of highly skilled specialists. Serving museums, galleries, Government departments and private co...
LEASEHOLD
Based in north West England. The business supplies, installs and maintains high-quality window and door systems for its clients. The company has developed a strong reputation due to a proven track record of supporting its customers and local communit...
FREEHOLD
27
|
Jan
|
Administrators to sell assets as office furniture maker collapses | ADMINISTRATION
Bluespot Furniture, a West Yorkshire-based furniture manufac...
26
|
Jan
|
UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS
New analysis from PwC has revealed that UK M&A activity decl...
26
|
Jan
|
Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS
Stowe Family Law, a Leeds-headquartered specialist family la...
Sign up to receive our acquisition alert emails to get your FREE guide
27
|
Jan
|
Administrators to sell assets as office furniture maker collapses | ADMINISTRATION
Bluespot Furniture, a West Yorkshire-based furniture manufac...
26
|
Jan
|
UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS
New analysis from PwC has revealed that UK M&A activity decl...
25
|
Jan
|
Over 610,000 UK firms in significant distress as CCJs soar 52 per cent | BUSINESS NEWS
The latest Red Flag Report from Begbies Traynor has laid bar...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources