BUS tycoon Sir Brian Souter yesterday bought a 60 per cent stake in Newcastle-based law firm Winn Group alongside fellow investor JZ International (JZI).
The group – which trades under the On Hire, On Medical and Winn Solicitors brands – turns over about £40 million a year and employs more than 290 staff. Winn Group specialises in insurance claims and accident management.
Managers Ghazala Bashey, Dawn Winn and Jeff Winn will keep the remaining stake and will stay with the business.
Souter has pocketed more than £100m from selling stakes in insurance firm Esure, Sunseeker yachts and Motherwell-based Argent Energy. He recently bought shares in Irish school book publisher CJ Fallon.