Thursday 22 January 2015

Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 2

So, here are some of the (eye-popping) numbers being talked about for Slater & Gordon's purchase of Quindell's legal services division.

To start with, when talks first began I am told by sources that Slater & Gordon said it will pay a non-refundable £15 million to enter into exclusive discussions with Quindell.

Since then, the Australian law firm has been crawling over of Quindell's legal services (QLS) business, doing due diligence.

I have also been told that Slater & Gordon, which is being advised by Greenhill, has indicated it could be willing to pay around six times sustainable revenue for the legal services division.

Given QLS sustainable revenues are thought to be around £180 million, the final sale price is looking pretty punchy!

Sources say Slater & Gordon is willing to structure a deal with cash and using its own shares although I'm not quite sure how that works when you are paying for just a division of a UK-listed company with Australian paper. But I can't wait to find out...

Quindell and Slater & Gordon both declined to comment. However, people close to the situation cautioned it's still "early days" and a deal may not happen.

5 comments:

  1. A very interesting read and a great post altogether.Baamir

    ReplyDelete
  2. Very shoddy blog....should at least check the validity of the RNS from QPP, whom after all have a clear history of misleading investors.

    ReplyDelete
  3. This post is very important for us because we get many tips and tricks on law service.Thanks for sharing this awesome information with us.I have a website on law service. if you want to know more about law service then please go our website. Hope you have the right law here.

    ReplyDelete
  4. Thanks for this very interesting post! If you need the best legal services in the Philippines, visit: ndv law.

    ReplyDelete
  5. This comment has been removed by the author.

    ReplyDelete