NorthEdge Capital, the private equity firm focused on investing in businesses in the North of England, has invested £15million into Roberts Jackson, the leading Cheshire-based industrial disease law firm.
Founded in 2009, the Wilmslow practice provides legal services in the highly complex field of occupational disease litigation, and acts for claimants who have developed diseases as a result of their employer`s negligence. The firm has grown from 2 to more than 200 people in five years. An award-winning firm, Roberts Jackson is Lexcel accredited, Legal 500 listed and is nationally recognised for its award winning training programme.
The investment from NorthEdge Capital will facilitate the acceleration of growth and development of the practice, and open up new opportunities in the legal services sector.
Nick Townend joins the board as Finance Director and Paul Hewitt as Chairman alongside founders Karen Jackson, CEO, and Oliver Jackson, Strategy Director. Gladys Swaim-Rutter and Lorna Vanderkamp have been promoted to Directors as part of the deal and are equity shareholders.
Grant Berry, Managing Partner at NorthEdge Capital, Director Jon Pickering, and Investment Manager Phil Frame led the deal. Grant and Jon join the Board as Non-Executive Directors whilst Phil joins as an Observer.
Karen Jackson, CEO of Roberts Jackson, said: “This is a very exciting time for the business and we are delighted to welcome NorthEdge Capital on board as an investor. The introduction of Alternative Business Structures through The Legal Services Act 2007 has created interesting opportunities for firms like ours.
“The investment from NorthEdge will allow us to accelerate the growth of the business, capitalise on new opportunities within the market and hopefully provide many more clients with the very best advice. Ultimately as lawyers we are here to serve our clients to the best of our ability and this investment will enable us to build upon our existing platform within the legal services sector. This is a firm that focuses on its employees and clients and we chose NorthEdge because they hold that similar belief – they invest in people just like we do and are committed to supporting the firm in many different ways going forward.”
Jon Pickering, Director at NorthEdge Capital, commented: “Roberts Jackson is a hugely successful business and we look forward to working alongside Karen, Oliver and the management team as the business continues to grow and develop. We are in no doubt that the coming months will see Roberts Jackson further increase its market share and continue to deliver unmatched specialist expertise.”
The deal is the seventh transaction completed by NorthEdge Capital from its maiden fund, which closed at £225million in March 2013, and represents over £100million of investment into the Northern business community during the last 18 months.
Deloitte provided corporate finance advice to Roberts Jackson, led by partner Paul Lupton with support from Assistant Director Iain Marlow.
Paul Lupton commented: “Recent changes to the ownership rules for legal practices and the implementation of the Jackson reforms have created significant growth and M&A opportunities for quality law firms such as Roberts Jackson. We have worked closely with the management team for the past 18 months, and now with a supportive investor in NorthEdge we look forward to tracking the continued success of the business under Karen and her team.”
DWF (Jonathan Robinson and Vicky Ross) provided NorthEdge with legal advice. Management received legal advice from Pinsent Masons (Gregg Davison and Anna Whetham).
Financial Due Diligence was completed by BDO (Chris Heatlie and Matthew Molyneux) and Commercial Due Diligence by Credo (Simon Bones and Piers Barclay). Michelle Garlick and Michael Black of Weightmans LLP carried out Regulatory Due Diligence and Zoe Holland of Zebra LC completed work in progress (WIP) Due Diligence. IT Due Diligence was carried out by Iain Mackay at Intuitus.
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