Private equity group Inflexion is reportedly in talks to acquire global law firm DWF. The deal, which is still in the early stages, could value DWF at around £342 million ($438 million).
DWF, which is headquartered in Manchester, England, has a global workforce of over 2,200 people and operates in more than 25 countries. The firm specializes in a range of legal services, including corporate law, litigation, and real estate.
Inflexion is a London-based private equity firm that has over £4 billion in assets under management. The firm has a history of investing in professional services firms, and its portfolio includes law firms such as Pinsent Masons and Slaughter and May.
If the deal goes through, it would be the latest in a series of consolidations in the global legal services market. In recent years, there have been a number of large mergers and acquisitions in the industry, as law firms seek to scale up and compete more effectively with larger rivals.
The acquisition of DWF would give Inflexion a significant presence in the global legal services market. The firm would also gain access to DWF’s expertise in a range of key areas, such as corporate law and litigation.
It is still too early to say whether the deal will be successful. However, the talks between Inflexion and DWF suggest that there is a growing appetite for consolidation in the global legal services market.
The deal is reportedly being led by Inflexion’s infrastructure team, which is headed by partner Mark Jenkins.
The proposed price of £342 million is based on DWF’s closing share price on Friday, July 8.
The deal is still subject to due diligence and regulatory approvals.
If the deal goes through, it is expected to close in the second half of 2023.
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