Stock Market Listed Law Firm Diversifies With M&A Boutique Purchase

Stock Market Listed Law Firm Diversifies With M&A Boutique Purchase 3

Listed London law firm Rosenblatt announced the acquisition of Manchester corporate finance boutique Convex Capital, a M&A corporate finance boutique that helps smaller companies.

J. Hilburn Compensation Plan Review
J. Hilburn Compensation Plan Review

The firm became just the fourth law firm to list on the London Stock Exchange when it raised £43m from investors in May.

Rosenblatt said the deal was in line with its strategy to diversify beyond legal services and create opportunities for cross-referral of business.

The total consideration for the deal, assuming all earn-out and deferred consideration payments are made, is £22m.

The firm is also planning to rebrand to RBG Holdings to reflect its evolution to a broader supplier of professional services, it said.

Rosenblatt became the fourth law firm to float on the London Stock Exchange when it raised £43m from investors in May 2018.

Chief executive of Rosenblatt Nicola Foulston (pictured) said: “Convex is an exciting and successful business, which shares with Rosenblatt a focus on high-margins and cash generation. Like Rosenblatt, it is an entrepreneurial company with a proven ability to create markets where none have existed.”

Scroll to Top