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New York law firm Cohen & Gresser in talks over £30m private equity deal
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After medical practices, hospitals, and tax consultancies, private equity is setting its sights on the next highly profitable sector. Investing in large US law firms is likely to have repercussions for its business in Germany as well.
New York law firm Cohen & Gresser in talks over £30m private equity deal
New York law firm Cohen & Gresser is in talks to sell a stake to a private equity group, weeks after McDermott Will & Schulte expressed interest in restructuring the firm to secure outside funding. The firm has been in talks around the sale of a $40m (£30.5m) convertible note that would ultimately be swapped for equity in the business. Lawrence Gresser, the firm’s co-founder and managing partner, told the Financial Times, “We have been preparing…
·London, United Kingdom
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