Manchester-headquartered listed law firm DWF has announced a New York-based private equity firm will join its group of major shareholders.
Cartesian Capital Group has acquired more than 3 per cent of total available share capital in the commercial law firm, increasing its stake to 4.46 per cent as of September 23.
The investor now holds 14,460,741 shares.
Peter Yu, managing partner of Cartesian Capital Group, said: “Having closely reviewed DWF’s strategy and operations, we concluded that DWF’s world-class, worldwide team are creating great value for their clients - and for their stakeholders.
“From their client-focused managed services to their innovative and efficient connected services offerings, DWF truly represents the future of integrated legal services.
“We are proud to partner with Sir Nigel Knowles, Matthew Doughty, and their team to support DWF’s continued development.”
Sir Nigel Knowles, DWF group chief executive, added: “We have a longstanding relationship with Cartesian and we are delighted to welcome them to our group of major shareholders.
“It is pleasing to see the progress we have made - and the future potential in our business - being recognised with a significant new shareholder coming on-board.”
