Ince Ditches Loss-Making Arden Partners After A Year
Ince said that Arden's revenues have declined significantly since it purchased the business.
November 16, 2022 at 04:49 AM
2 minute read
Aldgate Tower, Ince's current HQ. Courtesy photo. U.K. listed law firm Ince has sold its former corporate adviser, Arden Partners, after just a year.
Ince said in an announcement to the London Stock Exchange on Wednesday that it is selling the business to Zeus Group Limited, which will acquire its entire issued share capital.
Zeus is a financial services group working across public and private capital markets in the U.K., focusing on the core sectors of investment banking, equity sales, research and trading, and investment management.
Ince said that Arden is "currently loss making and the opportunities and benefits that were identified by Ince at the time of the acquisition of Arden are now not expected to be achievable for the Group, given its current resources".
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