Knights Group Holdings plc (AIM:KGH) agreed to acquire Thursfields Legal Limited for £12.5 million from a group of shareholders on July 26, 2024. Under the terms of the acquisition, Knights will acquire Thursfields Legal Limited from its ten shareholders on a debt free, cash free basis. This comprises initial cash consideration of £7.5 million and deferred cash consideration of £5.0 million to be paid in three equal instalments on each of the first, second and third anniversaries following completion. The cash consideration will be satisfied from Knights' existing banking facilities. Completion is expected to take place on September 14, 2024. For the period ending April 30, 2024, Thursfields Legal Limited reported total revenue of £11.2 million. The expected completion of the transaction is September 14, 2024. Stuart Skinner, Kevin Cruickshank of Numis Securities Limited acted as financial advisor for Knights Group Holdings plc.

Knights Group Holdings plc (AIM:KGH) completed the acquisition of Thursfields Legal Limited from a group of shareholders on September 16, 2024.