Knights Group Holdings plc (AIM:KGH) agreed to acquire Birkett Long LLP and Birkett Long Ifa Llp for £16.6 million on May 6, 2025. Under the terms of the acquisition, Knights will acquire the business from the equity partners for a total consideration of £16.6m, subject to working capital adjustments and on a cash and debt free basis. This comprises an initial cash consideration of £10 million, and deferred cash consideration of £6.6 million, to be paid in equal instalments on each of the first, second and third anniversaries, subject to certain conditions being met.
In the year ended 31 May 2024, Birkett Long generated revenues of £14.7 million, and corporatised PBT of £1 million.
Completion is expected to take place on the June 13, 2025, for Birkett Long LLP. The acquisition of Birkett Long IFA LLP is expected to complete at a later date, as it is subject to FCA consent.
Knights Group Holdings plc is a United Kingdom-based holding company. The Company provides diversified legal and professional services on a national scale. The Company offers services across banking, commercial, corporate, data protection, debt advisory, dispute resolution, employment, housing and regeneration, immigration, investigations, licensing and gambling, personal services, personal services, real estate, regulatory, residential property, restructuring and insolvency, tax services, and others. It is focused on the United Kingdom markets outside London and operates from over 26 offices located in Birmingham, Brighton, Bristol, Carlisle, Cheltenham, Chester, Exeter, Kidderminster, Kings Hill, Leeds, Leicester, Lincoln, Manchester, Newbury, Newcastle, Nottingham, Oxford, Portsmouth, Sheffield, Solihull, Stoke, Teesside, Weybridge, Wilmslow, Worcester and York. The Company invests in various sectors, including aviation, and technology, media and telecommunications.
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