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RBG Holdings plc (AIM: RBGP), the professional services group, is pleased to confirm that, further to the announcement of 20 April 2021, the Group has today completed the acquisition of the business of Memery Crystal LLP ( Memery Crystal ), having received regulatory approval ( Completion ). As previously announced, RBG has agreed to acquire Memery Crystal for total consideration of £30.0 million comprising £12 million in cash and £11.2 million in RBG shares due on Completion, together with a further, £6.8 million in cash deferred over two payments on the sixth and 12-month anniversary of completion ( Consideration ). In order to satisfy the portion of the Consideration due in RBG shares, the Company will issue 9,739,130 new ordinary shares of 0.2 pence each ( Consideration Shares ), representing a deemed price per Consideration Share of £1.15 pence (being the volume weighted average mid-market price of RBG shares in th
About RBG Holdings plc RBG Holdings plc is a professional services group, which includes one of the UK s pioneering law firms, Rosenblatt Limited ( RBL ), which is a leader in dispute resolution. RBL provides a range of legal services to its diversified client base, which includes companies, banks, entrepreneurs, and individuals. Complementing this is RBL s increasingly international footprint, advising on complex cross-jurisdictional matters. RBL s practice areas include banking & finance, competition & regulatory, corporate, dispute resolution, employment, financial crime, financial services, insolvency & financial restructuring, IP/technology/media, real estate, serious & general crime, tax resolution and white-collar crime. In April 2021, the Group announced the acquisition of the business of specialist international law firm Memery Crystal LLP (conditional on completion) ( Memery Crystal ). RBL and Memery Crystal will retain their own brand
By Jemma Slingo2021-04-28T13:47:00+01:00
Partners at London firm Mishcon de Reya have voted to explore a public listing later this year in order to accelerate the firm s expansion, the practice announced today.
In a long expected announcement, Mishcon said it has mandated investment bank J.P. Morgan Cazenove to advise on the possible float on the London Stock Exchange . Subject to market conditions, this could take place in the fourth quarter of 2021. The firm said it expects to report revenues of around £188m for the 12 months to 9 April 2021.
As part of an initial public offering, every member of staff at Mishcon would become a shareholder in the listed business.