Pinsent Masons advises Lloyds TSB Development Capital on the purchase of a stake in law firm Keoghs

12 Nov 2012 | 01:35 pm |

International law firm Pinsent Masons has advised Lloyds TSB Development Capital (LDC) on the purchase of a stake in law firm Keoghs.

Keoghs has agreed to sell 22.5% stake in the firm to private equity investor LDC. The deal, which completed on November 9, follows the approval of its application to the Solicitors Regulatory Authority (SRA) to become an Alternative Business Structure (ABS), which enables legal services firms to accept external shareholders.  This deal follows hot on the heels of investments by James Khan's Hamilton Bradshaw and by Duke Street Capital in Knights LLP and Parabis Group respectively and represents a significant transaction in this quickly developing sector.

Keoghs, an insurance claims specialist with 1,200 staff based in Manchester and Coventry, said the involvement of LDC would enable it to continue investing in its people, processes and technology infrastructure while providing capital for potential strategic acquisitions to add complementary services and scale to its operation.

The Pinsent Masons team advising on the deal was led by Gregg Davison, assisted by Andy Phillips, Sarah Flinn and Amie Norris from the firm's Manchester Corporate team.

Commenting on the deal Gregg Davison, Corporate Partner at Pinsent Masons said: "We were extremely pleased to help LDC with this novel and market leading transaction.  Working with LDC, Keoghs and the other advisers to fit a private equity structure into a transaction with a law firm provided unique challenges and required new solutions to be found to deal with the developing regulatory environment."

Latest press releases

Show me all press releases

Pinsent Masons advised Schütz Family Office on the acquisition of Freie Internationale Sparkasse

Multinational law firm Pinsent Masons has advised Schütz Family Office on the acquisition of private bank Freie Internationale Sparkasse S.A..

Pinsent Masons named a top ten family friendly employer for fourth year in a row

Multinational law firm Pinsent Masons has been named as one of the top ten family friendly employers in the UK by work life balance charity, Working Families.

Pinsent Masons wins Insurance Team of the Year at Legal Business Awards 2020

Multinational law firm Pinsent Masons has won Insurance Team of the Year at the Legal Business Awards 2020 for its role advising Royal London on its Brexit strategy and the implementation of a cross-border reorganisation of part of its business.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advised Schütz Family Office on the acquisition of Freie Internationale Sparkasse

Multinational law firm Pinsent Masons has advised Schütz Family Office on the acquisition of private bank Freie Internationale Sparkasse S.A..

Pinsent Masons advises AMC Entertainment Holdings, Inc. on €65m sale of Baltic region theatre locations

Multinational law firm Pinsent Masons has advised AMC Entertainment Holdings, Inc (AMC) on the €65m ($77 million) sale of nine theatre locations across the Baltic region to Up Invest.

Pinsent Masons advises EmpatKali founders in deal that signals Asia expansion for Afterpay

Multinational law firm Pinsent Masons has advised the founders of EmpatKali, Jamie Camidge and Hadi Tanzil, on the sale of the company to Afterpay.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts