Legal mergers news, updates and analysis | Page 6 of 29

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”

Following Work Group’s conditional £18.8m reverse takeover bid for West-End firm Gordon Dadds, Work Group confirmed it has successfully raised £20m, as the firm gears up to publicly list in August.

Work Group said in a statement that it had raised £20m through the conditional placing of new ordinary shares in Work Group, at a post-consolidation price of 140 pence per share, which would give the enlarged group a market capitalisation of £40m, based on the placing price on admission to AIM. Continue reading “‘Major consolidator’: Work Group raises £20m as it gears up to list Gordon Dadds in August”