Gordon Dadds has acquired a Gibraltar-based law firm, in its latest move to expand its international presence.

Gordon Dadds has taken over Rampart Corporate Advisors for up to £1.34 million, based on performance. The firm, which has four lawyers on its team, reported profits before tax of about £400,000 and turnover of just over £1.1 million for the year ended June 2018, and specialises in e-gaming, financial services and fintech, distributed ledger technology and cryptocurrency matters.

The group will pay £342,000 for Ramparts on completion of the transaction, with the deferred consideration related to the turnover achieved by the business during the next three years, and paid quarterly. The deferred consideration is subject to a maximum payment of £1 million.