ZebraLC advises Fairpoint PLC in Colemans CTTS deal
ZebraLC™ is once again at the forefront of developments in the legal sector, having advised on the recent acquisition of Colemans-CTTS LLP by Fairpoint Group plc.
The expertise of ZebraLC was called on to assess the technical, operational and WIP due diligence of the volume conveyancing and personal injury aspects of Colemans practice.
The deal is expected to complete on 14th August 2015, with initial consideration totalling £9 million. On a pro forma basis Fairpoint’s enlarged legal service business will account for 62% of revenue. Fairpoint originally added legal services to its business portfolio in 2014, when it bought Simpson Millar Solicitors for an estimated £15 million.
As trusted technical due diligence specialists to legal businesses in the UK legal sector, this latest deal is one of the largest that ZebraLC has advised on to date. Zoe Holland, Founder and Managing Director said, “It is fantastic for us to be involved in yet another landmark deal and coincides with the announcement of ZebraLC being shortlisted for a prestigious Lloyds Bank Business Awards in recognition of our innovation, excellence and unrivalled experience in legal sector M&A.”