Private equity house Alcuin Capital Partners has invested in fast-growing conveyancing practice Muve and Nova. The investment will drive “continued investment in talent, technology and sales functions to drive its next phase of expansion” said the firm.
Muve, a consumer facing brand, and Nova, the business to business brand of Connect2Law featured in the Sunday Times 100, the annual ranking of Britain’s fastest-growing private companies in 2023 and 2024. .To qualify for The Sunday Times 100, companies must be independent, privately-owned, headquartered in the UK, and have sales exceeding £5 million in their latest year of trading, up to a limit of £250 million.
The business was founded in 2016 by David Jabbari, Claus Werner and Daniel Watkins and has since been heavily involved in digitising the conveyancing process, working alongside PEXA and Hinckley & Rugby Building Society to deliver the UK’s first fully digital purchase transaction, and announcing a strategic collaboration with the Australian payment solutions provider in October last year. .
Adrian Lurie, Partner at Alcuin commented:
“Connect2Law’s operational excellence, strong management team and market leading performance was clear from the outset, and we are excited to help the team capitalise on the impressive work to date. We look forward to working with David, Claus and Adam, and believe that Connect2Law is exceptionally well positioned to continue its successful journey in the years to come.”
David Jabbari, CEO at Connect2Law commented:
“From day one, we were impressed by Alcuin’s partnership focused approach and look forward to working with a private equity backer that prides itself on supporting founder led businesses. Alcuin is already providing meaningful support in the development of our business, and we believe their experience and proven track record of value creation will be incredibly beneficial for all stakeholders moving forwards.”
Muve joins a handful of law firms to have accepted private equity investment in recent years alongside the highly acquisitive Lawfront, Knights, the Movera Group which includes O’Neill Patient and Cavenish Legal, and more recently Montpellier Legal, a Cheltenham-based conveyancing practice amongst others.
2 responses
A genuine question.
Who regulates Muve?
“Connect2Law’s operational excellence, strong management team and market leading performance was clear from the outset, and we are excited to help the team capitalise on the impressive work to date. We look forward to working with David, Claus and Adam, and believe that Connect2Law is exceptionally well positioned to continue its successful journey in the years to come.”
I just do not get it. Do these investors not speak to anyone in the conveyancing profession, or do any due diligence, before they proceed? I’m truly stunned at this press release.
CLC supposed regulators, but asleep at the wheel again.