Fri, 20 Sep 2013 | DIVISION SALE
Manchester-based law firm Pannone is said to be considering a sale of its consumer business division to Slater & Gordon.
Reports from The Lawyer revealed that sources close to Pannone have confirmed that due diligence is already underway and a demerger of the private client business is to be expected. Staff are said to have received an email telling them to expect an announcement at the end of the month after partners take a vote on the matter next week.
Slater & Gordon, meanwhile, is working towards its goal of becoming the lead consumer firm brand in the UK. Combining personal injury, clinical negligence, family and employment groups with Pannone would represent a major step along this route.
Slater & Gordon gave a statement to the news source: “At any point in time we are in discussions with a number of firms.
“But as a publicly listed company if we did have an announcement to make about a potential acquisition of a material nature we would of course first make an announcement to the ASX [Australia's stock exchange, where the company is listed]. We are not in a position to comment on any specific anonymous reports at this time.”
The Australian company first entered the British market in 2012 with its acquisition of Russell Jones & Walker. Since then it has gone on to make a number of strategic acquisitions and build up its presence and turnover in the UK.
___________________________________________________________________________
Related information:
Law firm merger boosts turnover
An exceptional opportunity is available to acquire a well-established motor repair and servicing garage in Manchester, known for its comprehensive "one stop shop" offerings, including repairs and remapping for top vehicle brands like Mercedes and BMW...
An excellent opportunity exists to acquire a well-established and accredited printer hardware and print managed services business with a history of successful and profitable trading.
We are presenting an exciting opportunity to acquire an award-winning web development and digital content business with a strong portfolio of high-profile clients, including globally recognised brands.
07
|
Jul
|
Independent property firm acquires Blackpool estate agent | BUSINESS SALE
An estate agent based in Blackpool has been acquired by grow...
07
|
Jul
|
Poke restaurant chain acquires rival | BUSINESS SALE
Honi Poke has acquired rival poke chain Island Poké i...
07
|
Jul
|
MSP Contrac IT set for M&A growth after acquisition by telecoms group | BUSINESS SALE
Venridge Limited, a Yorkshire-based managed services provide...
05
|
Jul
|
Property services consultancy acquires Manchester-based counterpart | BUSINESS SALE
Walker Sime, a property services consultancy with its headqu...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.