FRP supports BBS Law as it secures private equity backing
FRP presented the opportunity to Aliter and prepared a detailed exit review including an assessment of the M&A market in professional services
FRP Corporate Finance has supported Manchester-headquartered BBS Law in its pursuit of a significant investment from private equity firm Aliter Capital.
FRP’s corporate finance team in Manchester was led by directors Daniel Brecker and Alex Starling, and supported by assistant manager George Barron. The team provided BBS with advice on the deal, which will see it benefit from Aliter’s selective portfolio.
The corporate finance team from FRP presented the opportunity to Aliter and prepared a detailed exit review including an assessment of the M&A market in professional services.
Established in 1978, BBS Law employs 65 people and provides a wide range of legal services including corporate, property, secured lending, private client, employment, litigation and family law. The firm has offices in both Manchester and London.
Aliter Capital’s investment will support its future growth and development plans, as it specialises in lending hands-on support to high growth SMEs in the UK support services sector.
The private equity firm was founded in 2016 and has offices in London and Manchester, as well as Glasgow.
In the last two years, BBS Law has made two acquisitions and FRP Corporate Finance will continue to maintain a close relationship with both parties as they look to secure further strategic bolt-ons to expand the firm’s offering across the UK.
Daniel Brecker, director at FRP Corporate Finance, said: “BBS Law is a strong business with a skilled management team, which made it an attractive prospect for private equity investment.
“In Aliter Capital it has found a partner that is not only a good fit culturally, but also has the resources and expertise to help the business achieve its ambitious plans to develop through organic growth as well as targeted acquisitions.”
He added: “With an opportunity to capitalise on the appetite for M&A in the legal sector, this deal marks an exciting time for all involved and I’m looking forward to seeing both parties reap the rewards in the coming years.”
