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Private-equity firm agrees terms with DWF
Pic: Shutterstock

21 Jul 2023 / business Print

Private-equity buyer agrees terms with DWF

The publicly quoted legal-services firm DWF has reached agreement with private-equity group Inflexion on a buy-out that values the company at around Stg £342 million.

DWF has operated in Ireland since 2013, and has offices in Dublin and Belfast.

Under the deal, each DWF shareholder will receive £1 – 97p in cash and a 3p special dividend.

DWF shares had been trading at 65.5p before the groups announced earlier this month that they were in talks on a deal.

‘Integrated approach’

A statement to the London Stock Exchange said that Inflexion had tracked the legal and alternative-legal-services sectors for a number of years and “recognises the genuinely differentiated proposition that DWF offers through its integrated legal-management approach, which provides integrated legal and business services to its clients globally”.

DWF was the largest legal practice to float in Britain when it went public in 2019.

Last year, DWF announced plans for further expansion in Belfast, where it has grown steadily since its arrival in 2015.

Gazette Desk
Gazette.ie is the daily legal news site of the Law Society of Ireland