Will the Slater & Gordon bid for Quindell Legal Services be £1.1bn?

We know an offer is going to come from Slater and Gordon. What we don’t know is the structure and offer price.

The markets are predicting figures ranging from £0 to £2bn.

Looking at the GECR report dated 29th October 2014, it is possible to come up with a realistic expectation for a  Quindell  Legal Services bid.

For the detail of the GECR report see here.

Currently we also don’t know what is included in any sale. It could be for the whole Professional Services division or for parts (i.e Legal Services, Business Process Services and Health Services).

The following diagram provides a good indication of the value of the three parts  of the Professional Services division.


It is easy to understand based on these figures why some in Quindell would believe  any bid under £1.1bn would be considered unacceptable.

It remains to be seen if an offer in the region of £1.1bn will be acceptable to both parties.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s