UK trio lead as Slater & Gordon takes over Pannone
Macfarlanes, Addleshaw Goddard and Fox Williams have advised on Slater & Gordon's £33m acquisition of Manchester firm Pannone. Under the deal Australian firm Slater & Gordon will take control of Pannone's consumer law business, including its personal injury, family law, wills and estates and private client practices. An independent business called Pannone Corporate will be formed to focus on commercial and corporate work for business clients.
December 04, 2013 at 07:03 PM
2 minute read
Macfarlanes, Addleshaw Goddard and Fox Williams have advised on Slater & Gordon's £33m acquisition of Manchester firm Pannone.
Under the deal Australian firm Slater & Gordon will take control of Pannone's consumer law business, including its personal injury, family law, wills and estates and private client practices. An independent business called Pannone Corporate will be formed to focus on commercial and corporate work for business clients.
Pannone is the fifth UK law practice Slater & Gordon has acquired this year, along with Fentons Solicitors, Liverpool firm Goodmans, John Pickering & Partners and the personal injury practice of Taylor Vinters.
Macfarlanes has acted on all five takeovers, fielding a team led by corporate and M&A partner Jessica Adam and partner John Dodsworth.
Addleshaw Goddard partner Aster Crawshaw advised Pannone, while City firm Fox Williams advised Pannone Corporate, led by partner Paul Osborne.
Adam said: "Slater & Gordon has done a number of acquisitions in the UK over recent months, with Pannone being the largest to date. There are lot of changes going on in the consumer legal services sector at the moment that are opening up opportunities for consolidation.
"Slater & Gordon has a strong brand vision and clear strategy, focusing on becoming the law firm of choice for individuals."
The transaction is expected to be completed by late February.
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