Parabis founders take £4m loan to complete Plexus MBO Sarah Downey25 November 2015Law firm managementParabis Group A buyout team comprising the founders of the now-defunct Parabis Group has formally acquired its defendant insurance firm Plexus Law, in a deal that will see the transfer of over 900 staff, supported by a £4.2m loan.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryParabis enters exclusive deal with original founders for Plexus buyoutABS rising – Slater and Gordon and Plexus announce four law firm acquisitions in a day‘How hard are you prepared to work?’ – partners who’ve made it on how they built a book of business‘We don’t have a large ship to turn around’ – Eversheds Sutherland co-CEOs to canvas partners on strategy plansNRF to incentivise cross-border work with formalised global management committeeParabis collapse update: Creditor dividend halved, latest report revealsFailure to integrate: Administrators blame poor consolidation for Parabis collapse as unsecured creditors to lose almost £50mParabis carved up in £50m pre-pack administrationRevolving doors: Simpson Thacher, Latham, Sidley lead New Year London moves