TA Associates is the latest PE firm to scoop up a legal sector investment through The Forge Companies deal announced yesterday. Forge is an Atlanta-based provider of financial services to personal injury law firms and the families they serve. The company helps families navigate financial complexities that arise after a personal injury event, working at the intersection of structured settlements, trusts, wealth management, and law firm operations. The current macroeconomic situation, coupled with high interest rates, has dampened the investing environment with dealflow down. The legal sector provides a robust and recurring revenue stream for investors, with a ready and broad customer base, according to Gemma Roberts, Private Equity partner at Goodwin. “There is an interesting and diverse market for PE investors looking to execute a roll-up/buy-and-build strategy within the sector, bringing with it the ability to scale up existing businesses and ultimately drive higher exit valuations.”
Read the PE Hub article for more.