Aliter Backed Legal Services Group Completes Investment in Carter Bond

Deal supports scale-up strategy to create a UK leader with a national footprint

The legal services portfolio company of private equity firm Aliter Capital LLP (Aliter) has completed its investment in commercial law firm Carter Bond for an undisclosed sum. 

Carter Bond now becomes part of an existing group alongside BBS Law (BBS) which completed its investment from Aliter last year. The emerging group is rapidly growing to become a UK wide legal services provider, offering a full range of services to a customer base including high-growth, ambitious small-to-medium sized businesses, entrepreneurs and high-net-worth individuals.

North London based Carter Bond specialises in commercial and corporate law, with particular strengths in the healthcare sector. The firm has a consistent track record of impressive organic growth across the UK.

This transaction is a further investment in the Aliter-backed legal services group, since it completed the investment in BBS in October 2024. Founded in 1978, BBS provides a range of legal services including Corporate, Property, Secured Lending, Private Client, Employment, Litigation and Family Law.

Dov Black, Managing Partner, BBS said: “From our first meeting with Carter Bond, our shared vision in terms of culture, ethos and values was very evident. There is a great fit between BBS and Carter Bond, and we also believe strongly that their arrival brings significant additional experience and resources to help us accelerate the next stage of the group’s development.”

Reena Popat, Managing Partner, Carter Bond, said, “After ten years of sustained organic growth at Carter Bond, this move comes at an ideal time. We are enthused about the opportunity to become part of this exciting journey to create a UK market leader and we look forward to realising the new opportunities it will bring for our clients and colleagues at Carter Bond.” 

James Davies, Partner, Aliter Capital added: “This deal enables BBS to add attractive, specialisms to its portfolio of services and extends the group’s regional footprint. Through our deep-seated knowledge and experience of BBS’ main target markets, we will continue to support the continued drive for growth and provide access to capital for further expansion.”

Davies confirmed that Aliter is working closely with the team at BBS on a pipeline of further acquisitions, aiming to expand the firm’s regional coverage across the UK, strengthen existing services and add complementary new services.

Photo caption

Picture shows Dov Black (left), Managing Partner at BBS, with Reena Popat (centre), Managing Partner at Carter Bond, and James Davies (right), Partner at Aliter Capital.

Further Information

About Aliter

Aliter was founded in 2017 by a group of seasoned support services entrepreneurs and investors and focuses on small and medium sized businesses in the UK support services sector, a market valued at over £300 billion. Aliter is focused on using its deep business services expertise and broad networks to help drive both organic and acquisitive growth, to gain scale and a national footprint. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments to deliver dedicated hands-on support. www.alitercap.com 

About BBS Law

Founded in 1978, BBS Law is a full service law firm ranked with Chambers and Legal 500.  It offers a comprehensive range of legal services, including Corporate, Commercial, Property, Secured Lending, Private Client, Employment and HR, Litigation and Family Law. With an enduring commitment to the highest professional standards over more than four decades, the firm has developed a reputation for building long term customer relationships, with a focus on high growth SMEs, entrepreneurs and high-net-worth individuals. BBS’ partners and 65 staff work from offices in Manchester, North West London and the City of London. Prior to Aliter’s investment in BBS in October 2024, the firm acquired Manuel Swaden in April 2024 and OGR Stock Denton in October 2022. https://bbslaw.co.uk/

About Carter Bond

Carter Bond is a commercial law firm, based in Harrow, North London, with specialist strengths in Corporate, Commercial Property, Litigation and Employment.  The firm has built a strong reputation in the healthcare sector, particularly with pharmacies, dental practices and in the residential care sector, servicing a client base featuring mainly high growth small-to-medium sized businesses and high net worth individuals across the UK. Founded in 2014 by Managing Partner, Reena Popat, Carter Bond has achieved consistent growth underpinned by its commitment to client service and long-term partnerships. In 2021, the firm was ranked in the Legal 500 for Corporate and Healthcare and commended as a leading firm in client satisfaction and is also ranked with Chambers and Partners. https://carterbond.co.uk/