£30m PE investment to fuel major expansion for Midlands law firm
FBC Manby Bowdler has secured a £30m investment to support its plans to double its size in the next 18 months.
The £30m from private equity firm Horizon Capital will fuel the expansion of the 200-strong Wolverhampton-based law firm.
FBC Manby Bowdler will be the founding firm of Horizon's new law group named Adeptio and will also use funds to create 20 jobs at a new office in Knowle, Solihull.
The deal comes as turnover has topped £16m in the last year at the firm, and is growing at more than 10% per year.
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