Mourant has secured a minority equity investment from partnership capital provider MML.
The international professional services group combines legal, governance and consulting services through offices and separate law firm entities across a number of international finance centres.
Mourant said the investment would support further spending on technology, including AI-enabled systems and data infrastructure, as well as staff development and recruitment.
The funding will also support potential expansion through selected acquisitions, law firm partnerships and lateral hires.
Mourant provides legal, corporate, entity management and fund administration services to private capital firms, banks, institutional investors and international companies. The group employs around 1,000 people across nine international finance centres.
Existing owner-managers are investing alongside MML. The investment will provide additional capital for Mourant Group Limited, the group holding company added last year.
The terms of the agreement have not been disclosed.
Jonathan Rigby (pictured), Mourant CEO, said: “This investment does not change what we are building. It changes the pace at which we can build it.
“Our clients can expect the same Mourant they know, for the long term, with greater capability and momentum behind it.”
Robert Devonshire, partner at MML, said: “We are backing a leadership team that we have come to know well over an extended period of time; investing to support the long term growth of Mourant and realise the ambitious plans of its existing and next generation shareholders.”
