Wednesday, 21 January 2015

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

Here is a juicy jackanory - top sources inform me that listed Australian law firm Slater & Gordon is in exclusive discussions to buy Quindell's legal services division.

I understand Slater & Gordon, one of the first law firms to go public, has been working with advisers from Greenhill on the purchase of QLS.

Codex, an advisory boutique, is one of the firms working for Quindell's board, according to my sources.

For readers that don't recall, Quindell said in early January that it is has entered:

"into exclusivity arrangements with a third party in respect of the possible disposal of an operating division of the Group."

Now, to be fair I realise I'm not the first person to report today that Slater Gordon is the party in "exclusive" discussions to buy Quindell.

However, the interesting thing here is the amount Slater & Gordon, which is listed in Australia, may be willing to pay for Quindell's legal services division.

I should have more on that topic tomorrow, so keep an eye on little old Betaville...

Quindell and Slater & Gordon declined to comment.

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