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FRP Corporate Finance has acted as lead adviser to Slater and Gordon on a new £30m financing agreement. The deal replaces a previous facility and provides the Manchester-based law firm with a renewed platform for investment over the next three years.
The debt advisory team at FRP Corporate Finance was led by partner Tom Cox, director Umito Choji and analyst Freddie Guy. The team managed negotiations with the lender, Harbour Litigation Funding, and developed the financial documentation required for the transaction.
FRP Corporate Finance also provided briefing materials to demonstrate the growth potential of the law firm. Slater and Gordon operates 11 offices nationwide and provides consumer legal services in areas including medical negligence and personal injury.
The financing follows a previous funding deal agreed between the two parties in 2023. The new capital will be used to support continued investment in Slater and Gordon’s technology-enabled services and client experience.
Cox said: “Harbour has already enjoyed a long-standing relationship with Slater and Gordon, whose team have continued to demonstrate the ambition and capability to innovate and drive the firm forward.
“It was great to be able to help both parties lay out the next stage of what’s been a constructive partnership, and I look forward to seeing how Slater and Gordon build with this new funding in the coming years.”
Slater and Gordon chief executive Nils Stoesser added: “I’m grateful for the support Tom and the team at FRP Corporate Finance provided throughout this transaction. Their guidance made this an easier process to navigate, and we can now focus on driving the next stage of our firm’s development.”
