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."
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A well established practice coming to the market for the first time with a view to finding a friendly and professional firm that prioritise staff and client wellbeing whilst also embracing new technology.
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This is a compliance based firm with ample opportunity to up-sell and expand services to grow the portfolio further. Most clients based across Shropshire and North Wales so an excellent opportunity to further expand in this region.
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