An FRP Advisory report on the administration of Triton Global has revealed that DWF purchased the claims management firm for 30% of its value when it bought the firm for £1.1m. It also took on pension arrears of £345,000.
The report states: ‘The achievement of 30p/£ is considered to represent a good value given the nature of the debt and general expectations of asset realisations within legal firms. Deferred consideration was accepted due to the good covenant of the purchasers and the fact it was able to provide a greater realisable value of the assets.’
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