DWF Group plc (LON:DWF) has announced that Cartesian Capital Group, the New York based global private equity firm, has acquired more than 3% of the total available share capital in DWF Group plc. At 23 September 2020, Cartesian holds 14,460,741 shares, or 4.46%.
Peter Yu, Managing Partner of Cartesian Capital Group, said: “Having closely reviewed DWF’s strategy and operations, we concluded that DWF’s world-class, worldwide team are creating great value for their clients – and for their stakeholders. From their client-focused Managed Services to their innovative and efficient Connected Services offerings, DWF truly represents the future of integrated legal services. We are proud to partner with Sir Nigel Knowles, Matthew Doughty, and their team to support DWF’s continued development.”
Sir Nigel Knowles, CEO of DWF Group, added: “We have a longstanding relationship with Cartesian and we are delighted to welcome them to our group of major shareholders. It is pleasing to see the progress we have made – and the future potential in our business – being recognised with a significant new shareholder coming on-board.”