Zebra advises Medical Records Giant
The Zebra team was delighted to advise ExamWorks UK– which owns leading UK provider Premex – in its purchase of a personal injury firm as part of its acquisition of leading accident management group Kindertons.
Zebra carried out the WIP due diligence on Jigsaw Law. The project team worked to a tight timeline to assist in getting the deal over the line.
Though the price is undisclosed, Kindertons’ most recent accounts, for the year to 28 February 2017, put its turnover at £133m.
Donald Fowler, CEO Examworks UK said Jigsaw Law would be the first law firm owned by Examworks UK and it was not part of the strategy to acquire more.
Jigsaw Law has two offices, in Ellesmere Port and Crewe, and employs five solicitors among 52 staff in total. One of them, Paul Hurst, is head of legal practice and of finance and administration.
Its most recent accounts put turnover at £5.1m, with a gross profit of £3.2m and net profit after tax of £654,000.
The presence of a law firm and a legal expenses insurance company in the Kindertons group meant that approval for the purchase was required from both the Solicitors Regulation Authority and Financial Conduct Authority.
Kindertons is one of the largest, independent specialist credit hire providers in the UK, managing the full claims-handling process on behalf of insurers, insurance brokers, motor dealers, garages and bodyshops, as well as providing replacement vehicles and managing the recovery, repair and storage of damaged vehicles.
Internationally ExamWorks is the leading provider of independent medical examinations and related services in the USA, Canada, the UK and Australia, with global revenues of $1.2bn and 4,800 employees.