Offshore firm Mourant sells stake in private equity rush for legal deals

Offshore legal heavyweight Mourant has secured a minority investment from MML Capital, which purchased a 27% stake in the firm. Headquartered in Jersey, Mourant provides legal advice on the laws of Luxembourg, Guernsey, Jersey, the Cayman Islands, and the British Virgin Islands for institutional investors and the financial industry. This move reflects a growing trend of private equity investment within professional services, as the firm seeks to leverage this boost for future expansion.