BBS Law to increase national footprint and expand services to high growth clients
Picture shows back row (L to R) Richard Denton, Head of London Office and Private Client, BBS Law, James Davies, Investment Director, Aliter, Avi Barr, Head of Secured Lending and Property (London), BBS Law. Front row (L to R) Dov Black, Managing Partner and Head of Corporate, BBS Law, Billy Allan, Founding Partner, Aliter.
Aliter has completed an investment in BBS Law (BBS), the full service law firm with offices in Manchester and London, serving the legal needs of the SME sector, entrepreneurs and high-net-worth individuals.
Founded in 1978, BBS provides a wide range of legal services including Corporate, Property, Secured Lending, Private Client, Employment, Litigation and Family Law. Over the past two years, BBS has grown through the successful completion of two acquisitions and Aliter’s investment will now support the firm’s ambitious future growth and development plans.
Dov Black, Managing Partner and Head of Corporate Finance, BBS Law said: “This deal provides a fantastic opportunity to build national coverage across the UK and create a differentiated brand within the market, while remaining resolutely focused on meeting the needs of our core client base. We believe strongly the added support of Aliter brings significant experience and resources to help us accelerate the next stage of BBS’s development.”
Aliter’s Investment Director James Davies said: “Aliter is the ideal partner for BBS, bringing a track record of driving growth, access to capital for further expansion and specialist knowledge and experience of BBS’s main target markets. BBS is a great business with highly compelling characteristics, including a resilient business model, a range of complementary services to suit its customer base, long-standing customer relationships, a footprint in the attractive areas of Manchester and London and a track record of organic growth and successfully integrating bolt-on acquisitions”.
Davies also confirmed that Aliter is working closely with BBS on a pipeline of target acquisitions, aiming to expand the firm’s regional coverage across the UK, strengthen existing services and add complementary new services.
Aliter’s investment establishes a fifth platform business in Aliter Fund II and the senior partners at BBS will continue to be significant shareholders.
