Bolton-based insurance law firm Keoghs has confirmed it is set to profit from external investment once it receives its alternative business structure (ABS) licence. The firm would not confirm the investor, however it has previously been linked with London private equity firm Bowmark Capital, with the Manchester Evening News reporting in February that the buyout house was set to take a stake in Keoghs under the Legal Services Act (LSA).
September 17, 2012 at 08:11 AM
1 minute read
The original version of this story was published on Legalweek
Bolton-based insurance law firm Keoghs has confirmed it is set to profit from external investment once it receives its alternative business structure (ABS) licence.
Keoghs declined to confirm the investor; however, the Manchester Evening News today (17 September) reports that mid-market private equity house LDC – part of Lloyds Banking Group – has acquired a stake in the law firm.
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