Defendant law firm with public sector clients nets private equity investment

Keoghs has seen its application for ABS status approved by the Solicitors Regulation Authority.

It has also agreed a deal with LDC, part of the Lloyds Banking Group, which will see the private equity business invest in return for a 22.5% stake. The deal will formally complete on 9 November.

Keoghs said it planned to use the investment to accelerate its expansion and the development of its business, including through acquisitions.

The firm acts for more than 60 insurers, government and public sector bodies, as well as large corporates. It handles around 40,000 claims per year out of its offices in Bolton, Coventry and Manchester. 

John Whittle, Chief Executive of Keoghs, said: “This is an important stage in our development. Securing the support of a long-term investor like LDC enables us to accelerate our growth strategy and invest significantly for the benefit of our clients, ensuring we’re able to meet the sector’s complex, evolving requirements and improve outcomes.”