Keoghs makes ABS strides

Published: 21/09/2012

Keoghs has put an end to the rumours and confirmed its intention of becoming an alternative business structure.

A spokesperson for the Bolton-based law firm also confirmed it has reached an agreement with an external investment. The firm has not commented on the identity of the investor although the Manchester Evening News did report that a mid-market private equity house LDC, which is part of Lloyds Banking Group, had acquired a stake in the law firm earlier this week.

The firm has previously been linked with London private equity firm Bowmark Capital.

“Like many firms in our sector, we’ve been exploring the options presented by an alternative business structure as a means of accelerating our long-term growth strategy,” the firm’s spokesperson commented.

“We have reached a provisional agreement with an external investor who shares our ambition and appetite for growth, however completion remains subject to full SRA approval.”

Content correct at time of publication