"Parabis is already a very successful company and all of the stakeholders have done well out of it. The primary motivation was not cash out but to grow the business. The only change will be that it has now got access to deep-pocket capital for investment..."
February 09, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Private equity house makes first major post-LSA investment in fast-growing insurance law group. Sofia Lind reports
While proof that the advent of Tesco law is already changing the face of the consumer legal market has hardly been in short supply, Duke Street Capital delivered further evidence this week with the news that it is set to acquire a majority stake in Parabis Group – the parent company of insurance litigation law firms Plexus Law and Cogent Law.
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