A team led by chief executive Matt Wightman has completed the management buy out of Halliwells’ subsidiary, HL Interactive LLP.
HL Interactive specialises in volume legal services to property groups, financial institutions and private individuals and acts for many of the
As part of the MBO, Halliwells has retained a 10% stake in the business. Funding has been provided by Co-operative Bank.
Before launching the HL Interactive brand in 2004, Matt Wightman headed the financial institutions group at Halliwells for ten years.
Wightman commented: "Over the last five years, HL Interactive has built up solid partnerships with a number of the leading organisations in the financial services industry.
“The business has a strong brand and an excellent reputation. There are significant opportunities to increase our market share through organic growth and strategic acquisitions.”
"In practical terms, it is business as usual. Halliwells has retained a stake in the business and the backing and support of one of the
Mike Hutchins, former managing director of Royal Bank of
Hutchins said: “HL Interactive is a first class, well balanced business and I am delighted to take on a more significant role having been involved as a consultant for some years.”
Date: 6th, May, 2009
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