Law firm set to expand further through M&A deals following investment
BBS Law, a full service law firm based in Manchester, with two London offices, has completed on a significant investment from Aliter Capital which will enable it to expand.
Founded in 1978, BBS Law serves the legal needs of the SME sector, entrepreneurs and high-net-worth individuals.
Over the past two years, BBS has grown through the successful completion of two acquisitions and Aliter’s investment will now support the firm’s ambitious future growth and development plans.
Dov Black, Managing Partner and Head of Corporate Finance at BBS Law, said: “This deal provides a fantastic opportunity to build national coverage across the UK and create a differentiated brand within the market, while remaining resolutely focused on meeting the needs of our core client base.
“We believe strongly the added support of Aliter brings significant experience and resources to help us accelerate the next stage of BBS’s development. It’s an exciting prospect and we are enthused by the opportunities this will bring to our clients and staff.”
Aliter’s Investment Director, James Davies, said: “Aliter is the ideal partner for BBS, bringing a track record of driving growth, access to capital for further expansion and specialist knowledge and experience of BBS’s main target markets.
“BBS is a great business with highly compelling characteristics including a resilient business model, a range of complementary services to suit its customer base, long standing customer relationships, a footprint in the attractive areas of Manchester and London and a track record of organic growth and successfully integrating bolt-on acquisitions”.
Davies also confirmed that Aliter has already started to work closely with the team at BBS on a pipeline of target acquisitions, aiming to expand the firm’s regional coverage across the UK, strengthen existing services and add complementary new services.
The senior partners at BBS will continue to be significant shareholders in the firm and will be driving the expansion forward with Aliter’s support and expertise.
The BBS advisory team was led by Stuart Whitehead of Edwards Veeder.
The BBS deal is consistent with Aliter’s strategic focus on using its deep business services expertise and broad networks to help drive both organic and acquisitive growth, to gain scale and a national footprint.
Law firm Browne Jacobson advised Aliter Capital. Its team was led by partner Ryan Brown and included associate Miranda Foy, partner Graham Ball, associate Beth Nixon, senior associate Thomas Donohoe and senior associates Lucinda Chaplin and Craig Thomas.
