By John Hyde2021-03-04T11:05:00+00:00
A growing consultancy firm has found a new equity investor to fund its continued recruitment of new lawyers.
Phoenix Equity Partners this week announced its investment in national firm Setfords having bought a stake in the firm from current shareholder the British Growth Fund. Financial terms have not been disclosed.
Phoenix is an independent private equity investor based in London which invested in businesses valued up to £200m. It has made 55 investments since 2001 – including a video game testing firm, an electronic security firm and a corporate vehicle rental platform – and boasts that it has boosted companies’ annual profits by an average of 15% over the last five years.