DLA Piper and Pinsent Masons are advising as Keoghs sells a 22.5% stake in its business to private equity house LDC after the Solicitors Regulation Authority (SRA) approved plans for its conversion to an Alternative Business Structure (ABS).
The outside investment, which is due to formally complete on 9 November, will see LDC take a minority stake in the Bolton-based law firm. LDC turned to Pinsents for advice with Manchester corporate partner Gregg Davison at the helm, while Keoghs sought advice from Jonathan Watkins from DLA’s Manchester office.
