Tue, 02 Feb 2021 | BUSINESS SALE
Advisory firm Frenkel Topping has secured two acquisitions for a combined £9 million as it targets expansion in the professional negligence and personal injury markets. The two target firms are Doncaster-based A&M Bacon and Partners in Costs.
The deal will be structured with £5 million in cash up front, close to £1 million via the issue of 2,000,000 ordinary shares in its company and the remaining £3.1 million to be made in deferred payments over the next two years.
The company says the deal will support its strategy of providing financial advice to the recipients of substantial settlements for personal injury and clinical negligence.
The double acquisition comes after Frenkel Topping raised £13 million last year to bolster its acquisition drive. At that time, it also acquired North-West-based forensic accountancy firm Forth Associated Ltd.
A&M Bacon CEO Reuben Glynn and Partners in Cost CEO Teresa Aitken will both remain in their posts following the acquisition.
Frenkel Topping Chief Executive Richard Fraser commented: “The acquisitions fit exactly into our strategy of acquiring high-quality businesses in the personal injury and clinical negligence market and builds on the successful acquisition and integration of Forths last year.”
"These acquisitions will further strengthen our offering and drive the continued growth of Frenkel Topping."
In its latest financial accounts, to the year ending March 31 2020, A&M Bacon reported fixed assets totalling £122,916, current assets of slightly over £1 million and net assets of around £700,000.
Partners in Costs, meanwhile, in its accounts to the year ending April 30 2020, reported fixed assets of £62,102 and current assets of £3.1 million. Its net assets were valued at over £2.6 million.
Find businesses for sale here.
If you are looking for an exit, we can help!
For more on M&A in the advice sector, check out our recent exclusive insight.
Provides a variety of assessments and support packages to parents; these include formal observations, self management work, life skill lessons and access to external specialist services. Services a variety of local councils and boasts a client base c...
Provides a range of consultancy, coaching and training services to facilitate clients’ ongoing business development and growth. Provides its services online and in-person, and offers unique solutions such as training video creation.
Highly specialist personal injury & clinical negligence law practise, acting exclusively on behalf of individuals, to provide expert legal advice in litigation cases. The company has sustained profitability since inception with exceptional business c...
A Yorkshire country house hotel has been put up for sale aft...
A £1 million-turnover garden centre in Derry has been ...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources