Listed firm’s acquisition of Aus practice formalised
Listed firm’s acquisition of Aus practice formalised Share
An award-nominated national practice has confirmed to the ASX the formalisation of its acquisition of a longstanding firm with offices across NSW and in the ACT.
Earlier on Thursday, 29 April, the board of AF Legal Group (ASX: AFL), the holding company of Australian Family Lawyers, announced that it had signed the documentation pertaining to its sale and purchase agreement (SPA) with Watts McCray Pty Ltd.
Under the agreement, AFL – which was nominated for Law Firm of the Year at the 2020 Australian Law Awards – is acquiring 100 per cent of Watts McCray’s shares.
AF Legal acquires Watts McCray
By Jerome Doraisamy|11 March 2021
Australian Family Lawyers has acquired NSW-based family law firm Watts McCray, which it says makes it the largest family practice in Australia.
Australian Family Lawyers (ASX: AFL), also known as AF Legal Group or AFL, is merging with Watts McCray, which it says heralds a new era in modern, innovative legal service delivery for family law in the country.
The announcement was made earlier on Thursday, 11 March, with AFL merging and acquiring 100 per cent of the shares of Watts McCray Pty Ltd. The deal is set to be finalised next month.