HF, a legal services provider specialising in the insurance and commercial sectors, has confirmed a strategic investment by UK-based private equity firm CBPE Capital. The agreement, subject to regulatory approval, will see CBPE acquire a minority stake in HF.
The investment aims to assist HF in broadening its service offerings and enhancing technology in legal processes. It has already embraced AI-driven technology through its subsidiary HighFive.
Structured as a limited company it also features an employee share ownership model. This structure allows its workforce to hold a stake in the business.
Ronan McCann, HF’s CEO and managing partner, highlighted the importance of shared values in choosing CBPE as a partner. “Our continued growth over the past few years has naturally attracted interest from outside investors. However, it was always crucial for us to work with an organisation whose values and culture align with ours, making CBPE the perfect partner for us,” he said. “We’re excited to be stepping into the future with them, their proven track record in the professional services and financial services markets and dynamic approach will fast forward our ability to grow and invest in our innovative technology, our service offering and our people.”
CBPE partners Richard Thompson and Naveen Passi commended HF’s management and approach. “HF is an outstanding business led by a very strong management team. The business transitioned from a partnership to corporate in 2021. Under Ronan’s leadership, the business has built a client-centric growth focused culture. HF is differentiated through its ability to combine highly technical ‘lawyer led’ services and trusted advice with a technology led approach to higher volume work. We are backing the business to continue its strong organic growth, further investment in technology and targeted M&A to expand its service offering. We are very excited about partnering with management over the next phase of HF’s growth,” they stated.
The news release noted HF has pursued a growth strategy since 2022, expanding its services through new hires and acquisitions.
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