Archive for February 4th, 2012

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4 February 2012

Investor presentation for Slater & Gordon’s acquisition of RJW

Russell Jones & Walker becomes first UK law firm to be bought by a publicly-listed law firm

Slater & Gordon – which became the first ever publicly-traded law firm when it listed on the Australian Stock Exchange in 2007 – announced on 30 January 2012 that it is to acquire the business of Russell Jones & Walker (RJW) from RJW’s partners in a cash and shares deal worth up to £53.millon.

20 of RJW’s partners become shareholders in Slater & Gordon, with lock-in periods of 4 years or more.

Slater & Gordon’s 19 page investor presentation is here. Financial details of the acquisition are at page 9 of the presentation.

The five year share price graph for Slater & Gordon is here.

See also: Alternative business structures and innovative lawyers

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4 February 2012

PLUS Markets puts itself up for sale

The Stock Exchange that was formerly Ofex throws in the towel

PLUS Markets Group plc yesterday announced that it is putting itself up for sale, starting “a formal sale process in order to identify appropriate potential partners for the Company or major strategic investors”:

“Potential offerors for the entire issued and to be issued share capital of the Company are, therefore, invited to contact Wyvern Partners”.

PLUS Markets has attempted to reposition itself in recent years as a Recognised Investment Exchange and as authorised derivatives trading venue and proprietary “white label” trading platform, but to little avail, with its share price down nearly 90% in the past three years. (Ironically, PLUS Markets is itself admitted to trading on AIM, but probably not for much longer.)

UPDATE 14 May 2012: No one picked up the towel, and PLUS Markets has announced that it is closing.

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Posted in Equity capital markets, M+A | Comments Off

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