Posted on 16.1.14
Gorvins solicitors in Stockport has advised the main shareholder in the sale of ACH Group Management Ltd to Quindell Plc.
The total consideration for the transaction (which included the acquisition of a number of companies) has been announced as £5,000,000 cash and 117,812,500 shares in Quindell Plc, those shares having a current market value of somewhere in the region of £26m.
The Salford Quays based ACH Group, which includes Accident Claims Helpline, provides services to personal injury and accident claimants. It has been acquired by Quindell Plc to provide additional capacity in its legal services operation.
Paul Lupton, a Partner in the corporate and commercial team at Gorvins, worked alongside senior partner Mark Deverell, who has provided legal and business support to ACH during the last four years.
Mark Deverell said: “As a firm we have worked with ACH for a number of years so it’s great that we’ve been able to advise the company on such a significant deal.”
Andrew O’Dua, owner of ACH Group, said: “Gorvins, and in particular Mark, have become trusted advisors over the last few years of working with them. We’ve really valued the calibre of experience and knowledge they provide and have always been able to call upon them whenever needed.”