Following the investment, which will formally complete on 9th November, LDC will own a minority 22.5% shareholding in the company.
Keoghs now plans to invest in people, processes and technology infrastructure while considering potential strategic acquisitions to add complementary services and scale to its operation.
Originally founded in Bolton 44 years ago and currently led by CEO John Whittle, the firm provides defendant legal and handling services in connection with a wide spectrum of motor, liability and property damage claim types. Keoghs currently acts for over 60 insurers, government and public sector bodies, and large corporates, handling around 40,000 claims per year.
Following its application to the Solicitors Regulatory Authority (SRA), the company recently became an Alternative Business Structure (ABS), which enables legal services firms to accept external shareholders. It employs over 1,200 people across offices in Bolton, Coventry and Manchester.