QualitySolicitors has become one of the first legal organisations to secure private equity backing, with Palamon Capital Partners becoming the majority shareholder in the high street law franchise. The size of the investment - which has seen Palamon take a majority stake in QualitySolicitors' holding company - is undisclosed, but it is thought to be as much as £100m. The money will be principally used for marketing purposes in the short term and operational purposes in the medium term.
October 20, 2011 at 09:16 AM
1 minute read
The original version of this story was published on Legalweek
QualitySolicitors has become one of the first legal organisations to secure private equity backing, with Palamon Capital Partners becoming the majority shareholder in the high street law franchise.
The size of the investment – which has seen Palamon take a majority stake in QualitySolicitors’ holding company – is undisclosed, but it is thought to be as much as £100m. The money will be principally used for marketing purposes in the short term and operational purposes in the medium term.
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