KBS Corporate has successfully completed the sale of Charles Crookes Limited, a long-established law firm based in Cardiff.
Since inception in 2005, Charles Crookes has provided legal services to a diverse and international client base, consisting of both private and commercial clients. In doing so, the firm has developed a strong reputation within the community for its approachability, professionalism and comprehensive range of specialist and niche services, including conveyancing, trust and probate, litigation, notarial and commercial services.
Having developed the company over the course of twelve years, the two shareholders of Charles Crookes approached KBS Corporate with plans to offer the company for sale and pursue retirement. Both shareholders made the decision to work within the company in consultancy roles for a period of three years post-sale.
In order to fulfil the shareholders’ objectives, KBS Corporate conducted a full research strategy which saw a mixture of trade buyers and private equity houses contacted. From this, circa 20 parties signed NDAs in order to receive full details of the opportunity to acquire Charles Crookes.
The eventual acquirer was Red Kite Law LLP, a legal practice based in various locations throughout South West Wales. Originally formed as a result of a merger between two law firms, Lowless & Lowless and Morris Roberts, Red Kite Law has expanded in the years since, now operating across six offices throughout the country.
Part of Red Kite’s motivation to acquire Charles Crookes was the inevitable geographical synergy that the two companies would offer one another. With Red Kite looking to grow the business beyond its current geographical boundaries of South West Wales, and utilise the M4 corridor between Swansea and Cardiff, Charles Crookes was an excellent fit.
One of our exiting clients at Charles Crookes commented, “I want to express my sincere thanks to KBS Corporate for guiding us through the process of selling our company. KBS Corporate was confident, professional and friendly throughout the whole process, and after generating a number of potential opportunities for us to consider, KBS Corporate went the extra mile in ensuring that everything went smoothly during the transaction with our chosen purchaser, Red Kite Law.
“We are thrilled to have completed the process – and are excited about the prospect of making a contribution to the new firm, free from the care and worries of running our own business. I will not hesitate to recommend KBS Corporate to anyone else in a similar situation.”
Sonia Cottrell of KBS Corporate advised on the deal through to completion and commented, “It was a pleasure to work with the shareholders of Charles Crookes and I am certain that the firm will continue to grow under the wing of such a successful company. The synergistic benefits that Charles Crookes and Red Kite will offer each other are undoubtable. I wish all involved the best for the future.”