Knights to join AIM, paying off debt and funding acquisitions
Stafforshire-based law firm Knights has announced on 4 June that it is listing on the Alternative Investment Market. It is the fifth firm making the jump to the public capital market.comments powered by Disqus
Valued at over £100m, Knights will be the largest legal IPO thus far. The firm became an Alternative Business Structure back in 2012, after having head backing from a private equity investment.
The goals of the listing are to pay off a sizable but undisclosed sum of debt, somewhere in the tens of millions, as well as to create a war chest to fund at least three acquisitions.
Other firms now listed on AIM are Rosenblatt, Gordon Dadds, Keystone Law, and Gateley.