Knights Group Holdings plc (AIM:KGH) agreed to acquire IBB Law LLP from its equity partners for £30 million on March 3, 2025. Under the terms of the acquisition, Knights will acquire IBB from its twenty-nine equity partners for a total consideration of £30 million, subject to working capital adjustments and on a cash and debt free basis. This comprises an initial cash consideration of £21 million and deferred cash consideration of £9 million to be paid in three equal instalments on each of the first, second and third anniversaries following completion, subject to certain conditions being met. The consideration will be satisfied from Knights' existing banking facilities. In its audited accounts for the year ended 30 April 2024, IBB reported revenue of £23 million. Completion is expected to take place on April 4, 2025. Numis Securities Limited acted as financial advisor to Knights Group Holdings plc (AIM:KGH). Rob Wood, Jonny Squires and Danielle Kingdon of Osborne Clarke LLP acted as legal advisor to IBB Law LLP.
Knights Group Holdings plc (AIM:KGH) completed the acquisition of IBB Law LLP from its equity partners on April 4, 2025.
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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