Legal mergers news, updates and analysis | Page 5 of 28

West End firm Gordon Dadds has its sights set on becoming a ‘nine-figure’ business after making its fourth acquisition since its public float in August last year .

Gordon Dadds announced yesterday (19 February) it had acquired Cardiff-based Thomas Simon for £1.875m, paying £187,500 up front with 20 quarterly instalments to come thereafter, plus a further amount related to net assets. The vendors of Thomas Simon, which had a fee income of just over £2m for the year to 31 July 2016, have warranted fee income will be not less than £12.5m over the next five years as part of the deal. Continue reading “Firepower: £100m revenue a ‘natural target’ for acquisitive Gordon Dadds”

West End firm Gordon Dadds has made its first strategic acquisition since its public float in August, acquiring tax advisory business CW Energy for £4m to ‘further the company’s intention to expand its tax advisory business’.

The sum of £4m will be paid equal annual installments over five years and further consideration may be payable depending on the performance of the business. According to a London Stock Exchange announcement made today (1 November), Gordon Dadds has paid £300,000 upon completion of the deal and expects the acquisition to immediately enhance earnings at the firm. Continue reading “Gordon Dadds makes first strategic acquisition following summer AIM float”