Frenkel Topping picks up double acquisition
By Justin Cash 1
Special advice firm Frenkel Topping has picked up a double acquisition.
The vulnerable-client focussed firm has made another march on the legal profession by buying two businesses: civil and commercial litigation costs specialists A & M Bacon and Partners in Costs.
Frenkel will pay up to to £9m for the firms, £5m of which will come up front, £0.9m in new shares, and £3.1m in a deferred payout.
The firm provides advice to clients who have suffered personal injury or medical negligence claims. It has sealed a number of acquisitions and joint ventures in recent years as it looks to forge stronger ties across services involved with the medical, legal and financial implications of such vulnerability.
Frenkel Topping makes £9m double Doncaster acquisition
Specialise in injury claims
Frenkel Topping has bought Doncaster-based legal businesses A&M Bacon and Partners in Costs.
Frenkel Topping said the firms, worth a collective £9m in the deal, specialise in legal costs, particularly dealing with personal injury claims and professional negligence. Of the £9m fee, £5m will.
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26
th January 2021 7:59 am
Good morning and welcome to your Morning Briefing for Tuesday, 26 January, 2021. To get this in your inbox every morning click here.
Crossing The Finish Line
No one ever said replatforming was easy. But even in its wildest dreams, Quilter probably never thought it would take more than seven years to pull off.
Its rotated technology suppliers and consultants, missed deadlines, had to deal with Covid-19 and a split from a parent company. But the end is finally in sight. The remaining 20 per cent of assets will migrate to the new platform at the end of February.
Quilter has certainly been buffeted by events outside of its control. But there is also a strategy at play here. Having seen the likes of Aviva and Aegon put through the replatforming mill, there was no way Quilter wanted to repeat that mistake. It seemed prepared to sacrifice months of delays to make sure when it finally went live, it actually worked.
By John Hyde2021-01-14T10:39:00+00:00
Talks over a potential takeover of claims handler National Accident Helpline have collapsed after the interested party decided not to make an offer.
In a statement to the London Stock Exchange, NAHL confirmed yesterday that it had agreed with wealth management firm Frankel Topping to terminate discussions after months of talks.
The basis and rationale for a combination of the two companies was first outlined in September and negotiations have continued since then, with a period of mutual due diligence. But Frenkel Topping said it had become apparent that a merger presents ‘certain commercial and integration challenges’.
Thu, 14th Jan 2021 17:47
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Helical PLC - London-based property investor - Collects 82% of all rent contracted and payable on December quarter day, with another 11% to be collected though payment plans by the March quarter day. Of the balance, rent holidays have been granted to 3.5% with the other 4.1% subject to ongoing talks with tenants. The proportion of rent collection for the period is slightly lower than in December after the sale of three Manchester buildings in November as well as the impact of a tenant who has yet to pay rent following the expiry of a rent-free period in October. So far, 92% of June quarter rent has been collected, with rent concessions collected on 3.1% of what remains while discussions continue on the final 6.4%.