Law firm Eversheds has advised the shareholders and management of Simplify Group on the agreed sale of a majority stake to private equity house Palamon Capital Partners. The Simplify Group is a newly branded legal services group comprising Move with Us, DC Law and Chorus Law, which have combined turnover of approximately 60 million.
Move with Us is one of the largest panel management conveyancing companies, with a network of over 1200 independent Estate Agents across the country and panel manages over 50,000 conveyancing instructions each year. They are a significant property services business working with new homes developers, lenders and estate administrators. Chorus Law is the UK's largest specialist probate provider, which delivers end-to-end probate and estates administration services. DC Law is top 20 by volume conveyancing producers.
Palamon's investment in Simplify underlines its strategy to build the UK's largest legal services provider, with multiple routes to market. The Firm believes that changes in the UK legal market have created a significant opportunity to achieve this and embarked on its strategy in 2011 by investing in QualitySolicitors, the largest high street legal brand in the UK with a nationwide network of 100 quality-checked partner firms in 200 locations together handling more than 200 million of legal work per year.
James Trevis (Partner) and Antony Walsh (Partner) led a team supported by principal associates Theresa-Marie Stodell and David Byrne and associate Chris Archer.
Antony Walsh, Partner at Eversheds, commented:
"We are glad that Grant and the rest of the management team have realised part of their investment of time and hard work in the Simplify Group business. The business has been through a number of growth chapters over the years and we are honoured to have been part of the evolution story. The investment from Palamon and the growth opportunities which will be realised through the alignment with QualitySolicitors represents a watershed moment for the business and we wish them every success".
Grant Mckerron, Chairman at Simplify, commented:
"Simplify is committed to building a platform that offers greater choice and control to the consumer. Whilst we are market leaders in two segments, our research shows that the majority of people using our website are seeking additional legal services not yet provided by the Group. Working with QualitySolicitors will broaden the services we offer and help meet that unserved demand. We are excited about the significant opportunities that will arise from working together."
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