Private equity firm Livingbridge today announced it has bought divorce firm Stowe Family Law.
According to Livingbridge, the investment will be used to ‘fuel the growth of the firm’ and will result in up to 30 additional offices being opened over the next five years.
The private equity house says it invests ‘anything from £2m to £50m’ in businesses valued between £5m and £125m. It is reported the deal is worth over £10m, though no figures have been released.
Daniel Smith, of Livingbridge, said Stowe Family Law is a great success story.
‘Under Marilyn’s ownership it has become the largest specialist family law firm in the UK, consistently delivering outstanding service and outcomes for its clients.’
Livingbridge has invested in more than 100 companies including recruitment firms Frank Recruitment Group and Staffline, and pensions and employee benefits provider Broadstone.
Stowe Family Law was founded by Marilyn Stowe, who is best known for handling all types of matrimonial disputes.
Since it was founded more than 30 years ago, the practice has acted for more than 20,000 clients and has opened 10 offices across the UK.
Stowe said: ‘I will always be involved with the firm, and I am particularly thrilled it will continue to bear my name. It has been my most important ambition for this firm and its clients to thrive following my departure and I have achieved this with Livingbridge.’
Charles Hartwell, the firm’s chief executive, said: ‘Thanks to Marilyn, and with the investment from Livingbridge, the future looks very strong for our firm and our clients.’
Private equity investor snaps up major family law firm
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