The legal services portfolio company of private equity firm, Aliter Capital, has completed its investment in London-based commercial law firm Carter Bond, for an undisclosed sum.
Carter Bond now becomes part of the existing group alongside Manchester-based BBS Law, which completed its investment from Aliter last year.
The emerging group, with offices in Manchester and London, is rapidly growing to become a UK-wide legal services provider, offering a full range of services to a customer base including high growth, ambitious small-to-medium sized businesses, entrepreneurs and high-net-worth individuals.
Carter Bond specialises in commercial and corporate law, with particular strengths in the healthcare sector. The firm has a consistent track record of impressive organic growth across the UK.
This transaction is a further investment in the Aliter-backed legal services group, since it completed the investment in BBS in October 2024.
Founded in 1978, BBS provides a range of legal services including corporate, property, secured lending, private client, employment, litigation and family law.
Dov Black, managing partner, BBS, said: “From our first meeting with Carter Bond, our shared vision in terms of culture, ethos and values was very evident.
“There is a great fit between BBS and Carter Bond, and we also believe strongly that their arrival brings significant additional experience and resources to help us accelerate the next stage of the group’s development.”
Reena Popat, managing partner, Carter Bond, said: “After ten years of sustained organic growth at Carter Bond, this move comes at an ideal time. We are enthused about the opportunity to become part of this exciting journey to create a UK market leader and we look forward to realising the new opportunities it will bring for our clients and colleagues at Carter Bond.”
James Davies, partner, Aliter Capital, said: “This deal enables BBS to add attractive specialisms to its portfolio of services and extends the group’s regional footprint.
“Through our deep-seated knowledge and experience of BBS’s main target markets, we will continue to support the continued drive for growth and provide access to capital for further expansion.”
Davies confirmed that Aliter is working closely with the team at BBS on a pipeline of further acquisitions, aiming to expand the firm’s regional coverage across the UK, strengthen existing services and add complementary new services.