Listed professional services business Knights has expanded its portfolio again with the acquisition of a South East law firm.
The company - which has 15 offices across the UK in areas including Birmingham, Manchester, Leeds, Leicester, York and Staffordshire - has agreed a deal to take over Surrey-based Mundays LLP.
The acquisition strengthens Knights' presence in the South East in line with its strategy to "accelerate its organic growth through carefully targeted acquisitions which are a strong cultural fit."
The deal will see Knights acquire Mundays from its six existing equity partners on a debt free, cash free basis for a total consideration of £5.3m, subject to working capital adjustments at the time of completion.
While 34 fee earners from Mundays will join Knights.
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David Beech, CEO of Knights, said: "We are pleased to announce the acquisition of Mundays, a well-regarded full-service independent law firm. Having met a considerable number of their team, we can see that Mundays will have a strong cultural fit with Knights. It brings a high-quality team of lawyers, for whom Knights offers broader opportunities within a larger, more diversified business.
"The acquisition of Mundays further builds our position in the South East, providing a strong platform from which to recruit talented lawyers that no longer wish to commute into London, as we continue to grow our national presence."
Neale Andrews, managing partner at Mundays, said: "We are delighted to join Knights, who's reputation for high quality service combined with a modern approach to legal services resonates well with our ambitious team and ethos.
"Having built a strong and diverse client base over recent years, we look forward to being part of a larger group with the resources to execute on ambitious growth plans, offering exciting career opportunities to our team."
