Mourant signs landmark funding deal, bolstering investment capacity for integrated professional services platform
News
News
Today, we are excited to announce a minority equity investment by MML, a specialist provider of partnership capital.
This is an important step in the growth of our integrated services platform which provides legal, governance, corporate, entity management, fund administration and consulting services to many of the world’s leading private capital firms, banks, institutional investors and global corporations. Today, we have a headcount of around 1,000 people, with offices and separate law firm entities across nine leading International Finance Centres.
The investment will support our continued focus on delivering exceptional client outcomes. This includes further investment in technology, particularly in AI-enabled systems and data infrastructure, and in our people, through enhanced career pathways and the development of next generation talent.
It will also support measured geographic expansion across the world’s leading International Financial Centres, including through carefully selected M&A opportunities, strategic law firm partnerships and lateral hires.
Our existing owner-managers are co-investing alongside MML to support future long-term growth. This will build balance sheet firepower in Mourant Group Limited, our Group holding company, which was added last year. The specific terms of the agreement are not being disclosed.
Raising capital for the combined group doubles-down on our long held belief that clients are best served by the multi-service model. Through this model, we serve a client’s needs across multiple locations with multi-disciplinary teams of lawyers, governance experts, accountants, regulatory and tax compliance professionals.
“We have built something genuinely distinctive – an enduring multi-disciplinary professional services group that serves the world’s most sophisticated institutional clients across legal, governance and consulting, all under one umbrella. This investment does not change what we are building. It changes the pace at which we can build it. Bringing deep sector experience, MML shares our high conviction in the integrated services platform, in the opportunity ahead of us, and in the team we have assembled. Our clients can expect the same Mourant they know, for the long term, with greater capability and momentum behind it.”
“MML is focused on true partnership investments, backing exceptional teams in sector leaders with distinctive models and clear paths to growth. We are strongly of the belief that Mourant is the most compelling platform in its market. The combination of legal, governance and consulting services under one umbrella, built on a culture that consistently attracts and retains exceptional people, is rare and genuinely durable. We are backing a leadership team that we have come to know well over an extended period of time; investing to support the long term growth of Mourant and realise the ambitious plans of its existing and next generation shareholders. As specialist minority investors with a long track record in the professional services space, we are really excited about the combination and what we can achieve together.”
Mourant Group Limited will continue to wholly-own our governance and consulting businesses, as well as our operational infrastructure and brand. It will also continue to supply managed services to the separate law firm entities.
Control of our Group, and its leadership, will remain with our existing owners. Control and ownership of the law firm entities will remain with the relevant locally-qualified partners.
Where required, regulatory notifications and approvals are being progressed with the relevant authorities in each jurisdiction in which we operate.
We were advised by Rothschild & Co, Dejonghe & Morley, Addleshaw Goddard, PwC, Deloitte and FractionGC. MML was advised by Baird, Oliver Wyman and Pinsent Masons.
Contact
Jonathan Rigby
About Mourant
About MML
MML Capital Partners is a leading mid-market private equity firm with a 40-year track record of partnering with outstanding teams across Europe and the US. MML’s €1bn Partnership Capital VIII specialises in providing minority growth capital to ambitious owner-managed businesses. MML invests alongside founders, entrepreneurs and executives, providing both funding and strategic support whilst enabling existing shareholders to retain significant ownership and control.
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