BGF injects £5m into McMillan Williams

The investment will allow the consumer-focused practice to open eight new offices in London and the south-east of England and hire new staff, including around 75 solicitors.

McMillan Williams will also explore the possibilities of moving into new legal areas including commercial conveyancing, mental health, financial claims on divorce, and civil litigation.

BGF also cited the potential for consolidation within the high street legal practices sector.

Company
Founded in 1983, London-based McMillan Williams is a law firm with additional offices in Kent, Sussex and Devon. The business provides a number of legal services including conveyancing, personal injury and family law. It currently has 18 branches and has increased its revenues by 70% in the past three years. McMillan Williams anticipates a turnover of £18m for the financial year ending in April 2015.

People
Erin Hallock, a senior investment manager at BGF, will take a seat on the board of McMillan Williams. George Tsangarides, an investment manager, also worked on the deal for the GP. John McMillan is founding partner and Colum Smith is CEO of McMillan Williams.

Advisers
Equity – PwC (Corporate finance); Pinsent Masons (Legal).
Company – Espirito Santo Investment Bank (Corporate finance); Deloitte (Corporate finance); Grant Thornton (Corporate finance); K&L Gates (Legal).

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• Topics
• Expansion
• Support services
• UK / Ireland
• BGF (Business Growth Fund)
• United Kingdom