A professional services firm is set to significantly expand its legal arm after selling the business to a private equity house. Manchester-based Leonard Curtis today announced the sale of a majority stake to asset manager Pollen Street.
Best known for its restructuring and insolvency work, the firm also has an SRA-regulated legal business which boasts 19 fee earners and six support staff. The legal department advises on corporate and commercial, real estate, dispute resolution and insolvency and debt recovery, and the extra investment is expected to result in the division doubling its £4m annual revenue.
The firm told the Gazette the investment will fund a recruitment drive for legal talent to deliver its ambition.
Jonathan Guest, investment director at Pollen Street, said: ‘Leonard Curtis is a high-quality business with a proven model, experienced leadership, and has demonstrated strong organic growth in the UK and offshore.
‘We are proud of our track record of supporting fast-growing players in the financial and business services ecosystems and are looking forward to partnering with the team for the next stage of Leonard Curtis’s growth, as it diversifies and scales organically, and further consolidates the fragmented UK professional services market.’
Pollen Street was established in 2013 and specialises in the financial and business services sectors. The deal to buy Leonard Curtis will see the exit of family investment office Arete Capital Partners and SVELLA plc, who took a significant stake in August 2021.
No comments yet