North West personal injury firm Forster Dean has undergone a management buyout.
North West personal injury firm Forster Dean has undergone a management buyout. Forster Dean's founding principal and former sole practitioner, Peter Forster Dean, has handed the firm's 13 offices and more than 100 employees to a seven-strong team. New managing partner Gregory Shields said: "It's always been Peter's intention to build the firm up and hand over to a group who he has worked with and trusts. Discussion started in January 2006 and it's been a lot of hard work." The deal was created by Liverpool-based financiers The Steve Stuart Partnership and funded by the Royal Bank of Scotland and the Merseyside Special Investment Fund. Shields said: "This is a very unusual process because the traditional route is for people to buy into the firm one at a time over the years. We're a young team and we're all looking forward to the future of the firm."