A top 100 firm has announced an undisclosed investment from a Swiss private equity firm, which it said would ‘accelerate growth’ for its personal injury work.
Manchester-headquartered Express Solicitors received the funding from Ufenau Capital Partners, which includes engineering, data analytics and infrastructure maintenance businesses as part of its portfolio.
The PI firm said the deal will enable it to continue its strategy of acquisition-based expansion and said it follows a rise in turnover from £70.6 million last year to the current figure of £88.5m. Earlier this year Express acquired Liverpool firm HNK Solicitor.
Read more
James Maxey, chief executive of Express said: ‘This is a milestone transaction for Express Solicitors. We’re in our 25th anniversary year, we’ve recently celebrated 65 internal promotions and the successful acquisitions of HNK Solicitors and Graham Coffey & Co. Solicitors.
‘Now, our partnership with Ufenau, a private equity fund which exclusively supports buy-and-build strategies of high growth service companies, will provide the strategic and financial firepower to support the continued development of Express Solicitors while delivering best in class services to injured people.’
The team at Ufenau - which says on its website it invests ‘profitable service companies with robust business models and seek majority participations’ - will work closely with the Express’s existing management team.
Ralf Flore, Ufenau managing partner, added: ‘We are really excited to partner with James and the team at Express Solicitors, not only does this mark Ufenau’s first platform investment in the UK market since we opened the office in 2024, it serves as a strong platform to execute our systematic buy-and-build approach, while building on our expertise in the highly fragmented sector of professional legal services.’
1 Reader's comment