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

Stock Market Listed Law Firm Diversifies With M&A Boutique Purchase 4
Stock Market Listed Law Firm Diversifies With M&A Boutique Purchase 5

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.

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.”

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