A long-established West Midlands firm is the latest to receive a cash injection from a private equity investor. Full-service regional firm Higgs, which has more than 250 employees, intends to use the undisclosed investment to invest in talent and 'pursue M&A opportunities which expand both the firm’s regional and national presence and breadth of service lines', according to City firm Travers Smith, which advised in the deal.  

Investor August Equity, based in Covent Garden, London, says it specialises in 'fast-moving, high-growth sectors which provide essential services or B2B software'. Previous investments range from nurseries to veterinary imaging services to funeral directors. Among its realised investments is the AAB professional services group, which after acquisition by August Equity in 2021 grew through 13 further acquisitions. August sold its stake in AAB to Goldman Sachs this year. 

Neither Higgs nor August Equity has responded to the Gazette's requests for comment. Higgs' LLP accounts for the year to 30 November 2023 show profits before members' remuneration up 8.9% to £6.83 million on turnover up 2% to £20.3m.