Slater & Gordon Limited
(ASX:SGH) says its signed term sheets to buy three UK personal injury law firms.
The law firm plans to raise $63.9 million to fund its UK expansion plans.
The equity raising has been structured as a $58.9 million placement to professional and institutional investors and a share purchase plan to raise up to $5 million.
Slater & Gordon Managing Director Andrew Grech says the three potential acquisitions in the UK would deliver a number of strategic benefits including geographic expansion and specialised practice areas.
He says the firm is ready to accelerate its growth plans in the UK, a year after entering the market.
Slater & Gordon generated a net profit of $19.1 million for the first half of the current financial year.
