Slater & Gordon targets Pannone

The Australian firm is in discussions with UK firm Pannone over a potential deal.

Slater & Gordon plan for acquisitions with funds from share sale Sean Gladwell

Pannones, has, however, delayed its partner vote on the subject, which is now due to take place in two weeks amid talk of disagreement over key issues such as how the UK law firm's business will be divided up.   Slater & Gordon has a potential A$30m to spend in the UK on making acquisitions. The Melbourne-based firm raised A$58.9m in a share sale in May and intends to use the money mainly on acquisitions. About half of the funds have already been used but the firm can also turn to debt facilities and cash for more, said Andrew Grech, the managing partner, in discussion with DataRoom. He said: 'We certainly have a balance sheet to complete our acquisition plans in the UK.'The Australian firm has made four acquisitions in the last three months, buying up Taylor Vintners' Cambridge personal injury practices,  John Pickering and Partners and  Liverpool firm Goodmans and personal injury firm Fentons. Source: DataRoom

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