Private equity house backs fourth law firm acquisition
Summary
The private equity house looking to building a £100m legal services group has made its fourth acquisition with a bolt-on for Lancashire firm Farleys. The Blixt Group’s legal business, Lawfront Holdings, acquired Farleys last October for consideration that could rise to nearly £18m. Mulderrigs will continue to operate under its own brand and gives Farleys a seventh office in Lancashire and Greater Manchester by adding a presence in Rawtenstall. “We are continuing to invest in a number of key appointments and service areas which is indicative of our plan to increase presence across the region and grow our firm.” Blixt entered the legal market is summer 2021 by acquiring Essex law firm Fisher Jones Greenwood, for which Lawfront paid £2.9m in cash plus £1.2m in deferred consideration. It supports firms to develop their businesses “through investing capital and resources in central services, systems and, most importantly, people and culture”.