Sovereign takes private leading European IP services provider Murgitroyd in a £65m deal
Sovereign Capital Partners, the UK private equity Buy & Build specialist, is delighted to announce that it has ‘taken private’ from AIM, Murgitroyd Group PLC, in a £65m transaction.
Sovereign is backing the management team led by Edward Murgitroyd, CEO, to support the continued development of the Group and deliver greater global presence through a strategy of Buy & Build.
Murgitroyd is a leading European provider of IP services. The Group delivers patent and trade mark legal advice together with a breadth of IP support services to meet the IP needs of its international client base.
Established in 1975 and headquartered in Glasgow, Murgitroyd operates from a network of offices in countries including the UK, US, Germany, France, Italy, Ireland, Finland and Central America, and employs a team of over 300. The business offers a rare proposition in the IP market by providing an integrated attorney led offering and associated IP support services capability.
As well as backing Murgitroyd to develop its global presence through Buy & Build, Sovereign will also be supporting the business to further develop its tech-enabled platform and support service offerings.
Jonathan Thorne, Director, Sovereign Capital Partners commented: “Murgitroyd is a very successful business, providing the highest quality of services to its clients and operating in a global market where the levels of outsourcing for both corporates and SMEs continues to increase alongside the complexity of multi-jurisdictional IP activities. We are delighted to have the opportunity to work with the management team to build upon the Group’s service offering and geographic reach.”
Edward Murgitroyd, CEO, Murgitroyd Group PLC: “I am very proud of how the Group has grown both organically and through strategic acquisition since my father established the business from a single office in Glasgow over 40 years ago. We have continued to thrive over the years and today Murgitroyd is a global business providing clients with an attractive combination of complex attorney work together with a highly efficient IP support services offering. We are very excited about the opportunity to further develop the Group with Sovereign’s investment and partnership.”