A law firm has help see a deal “across the line” that could affect tens of thousands of clients.
This comes after Little Lever and Bury based Clough & Willis acted in a deal where professional services group Leonard Curtis took a majority stake in Virtualnonexecs.com.
This is a peer-2-peer online community in the non-executive and board advisory sector, founded by Ian Wright in 2019, who was later joined by Mike Critchley as non-executive director
Clough & Willis corporate partner Andy Herricks said: “It was a pleasure to get this deal across the line for Ian and Mike.
“This is a fantastic deal for all parties and I am sure the platform will go from strength to strength over the coming years.”
Mr Herricks acted for the shareholders in Virtualnonexecs Limited in connection with the sale of a controlling interest to Leonard Curtis.
Leonard Curtis CEO Dan Booth said: “Virtualnonexecs is an international online eco-system of high growth companies, c-suite talent and professional advisory skills which will take us to a new level.
“Ian and Mike have fostered outstanding connections between companies and non-executive talent, connections that we will find invaluable as we continue to provide innovative solutions for business owners, corporates and their advisers in the distress and non-distress sector.”
The takeover will give the company access to more than 22,000 non-execs, chairpeople and fractional board members and access to over 40,000 company boards worldwide.
Leonard Curits head of funding Gary Cain added: “Virtualnonexecs is a hugely respected player in its sector. They have put strong relationships at the heart of their offer, just like us, and we look forward to working with them.
“The partnership will open up new opportunities with specialist professionals outside the Group as well as hugely benefiting our Lifecycle network.”
ALSO READ: Law firm unveils string of 'highly talented' new appointments
ALSO READ: Law firm retains members of scheme reflecting its 'highest standards'
ALSO READ: Law firm reports 'encouraging' surge in house transfers
The transaction was led by Leonard Curtis Chief Financial and Operations Officer, David Brown and supported by Jen Moore at LC Legal.
M&A advice was provided by Tim Marlow, Vijay Mistry and Mark Foster of Contrado Capital.
The deal is the latest in a line of purchases for multi-disciplinary professional services company Leonard Curtis.
It is the fourth since Leonard Curtis attracted investment from family investment office Arete Capital Partners in partnership with SVELLA Plc in August 2021.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here