Wed, 25 Sep 2024 | BUSINESS SALE
Stowe Family Law, a specialist family law firm with approximately 400 staff across 90 UK offices, has been acquired from Livingbridge by investment firm Investcorp for an undisclosed sum.
The Leeds-based firm was founded in 1982 by Marilyn Stowe and spans practice areas including divorce, child law, financial settlements, mediation, adoption, nuptial agreements and international family law.
Over the past two years, Stowe Family Law has more than doubled in size, with its nearly 400 staff supporting around 5,000 clients a year from 90 UK locations. The company has also completed several acquisitions and, in the year to March 2024, had a reported annual turnover of more than £37 million.
Following its investment in Stowe Family Law, Investcorp plans to work with the firm to continue the development of its growth strategy, focusing on the five-year Stowe 3.0 plan. The company is seeking to serve more than 10,000 clients by 2029 and offer families more holistic support.
Investcorp Head of Private Equity, Europe Gilbert Kamieniecky commented: "We are pleased to be starting this new partnership with Ken and the Stowe Family Law team, as they continue on their growth trajectory of building the number one brand in family law in the UK.”
"We were impressed by the company's commitment to build a resilient and scalable business powered by technology, and look forward to working with Ken and the team as they continue on their vision of Stowe 3.0, a true leader in the legal field."
Stowe Family Law Executive Chairman Ken Fowlie added: "We are delighted to begin this next chapter in the Stowe story and look forward to working with the Investcorp team, who share our passion and strategic vision for the firm. With their support and collaboration, we will continue to invest in our business and people to achieve our mission to become the first choice for family law.”
"Given Investcorp's experience, we will accelerate investment in technology, including looking to unlock the power of artificial intelligence to further enhance customer experience and service quality."
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