A law firm based in Crosby has successfully completed a management buyout, paving the way for a new era of growth and expansion.
Black Norman Solicitors, who specialise in property and private client work, secured a six-figure loan from River Capital to support this significant transition.
Management Buyout Completed
Black Norman Solicitors has finalised a management buyout, allowing two of its current owners, Richard Entwistle and Shoab Panwar, to acquire the shares of the founding partner. Howard Norman, the founding partner, will now transition to a consultancy role after nearly five decades in practice.
Support from River Capital
Jim Moore, Investment Manager at River Capital, expressed his confidence in Black Norman Solicitors, highlighting the firm’s strong track record and adaptability.
Future Growth and Expansion
Richard Entwistle mentioned the importance of incorporating new talent to lead the business into the future. This investment aligns with their vision for expansion and sustainability.
Leadership Perspectives
Shoab Panwar echoed these sentiments, stating, “This investment from River Capital is a vote of confidence in our business model and our plans for the future.”
Impact on Local Economy
The firm’s commitment to high-quality legal services remains steadfast as they invest in their team and infrastructure.
River Capital’s Role
River Capital’s investment is seen as a critical component in the execution of Black Norman Solicitors’ growth and succession plan.
A New Chapter
The backing from River Capital enables the firm to pursue new opportunities and strengthen its position in the legal sector.
Black Norman Solicitors is set for a bright future with new leadership and strategic growth plans.
The support from River Capital has been instrumental in ensuring a smooth transition and positioning the firm for continued success.