Bates Wells has advised the partners of law firm FBC Manby Bowdler in connection with the investment of £30m by Horizon Capital and becoming the platform firm of a new firm, Adeptio Law Group. FBC Manby Bowdler is a full service, 200 strong law firm based in the Midlands.
This represents the first investment for Adeptio Law Group, set up by Horizon Capital as part of a strategy to build a leading national legal services group through the acquisition of regional law firms.
Scott Leonard, Partner, and Lucille Moala, Associate in our Corporate team advised on the deal.
Neil Lloyd, CEO of FBC Manby Bowdler, said: “This is an exciting time for FBC, our clients and colleagues. We are delighted to be partnering with Horizon Capital who have a strong track record in supporting companies such as ours to accelerate both organic and acquisitive growth. FBC has grown in recent years thanks to the hard work of our colleagues and the support of our clients, and we look forward to building on that success with this investment and the launch of Adeptio Law Group.”
Scott Leonard, Corporate Partner at Bates Wells, said: “We are extremely pleased to have been able to support the partners of FBC Manby Bowdler on this transaction and look forward to seeing the firm continue to thrive as part of the Adeptio Law Group.”