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Dye & Durham completes sale of TM Group for up to £91 million
Dye & Durham completes sale of TM Group for up to £91 million Dye & Durham...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n \n \n \n Dye & Durham completes sale of TM Group for up to £91 million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Dye & Durham completes sale of TM Group for up to £91 million\n \n \n Canada NewsWire\n \n \n \n \n \n \n Net proceeds received at closing being used to reduce senior debt\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 10, 2023\n \n \n /CNW/ - Dye & Durham Limited (TSX: DND) (\"Dye & Durham\" or the \"Company\"), one of the world's largest providers of cloud-based legal practice management software designed to make managing a law firm, organizing cases, and collaborating with clients easy, today announced it has completed the sale of TM Group (UK) Limited (\"TM Group\") to AURELIUS, a globally active alternative investment firm.\n \n \n \n \n \n \n \n \n \n As previously disclosed, Dye & Durham has sold TM Group for total consideration of up to £91 million, subject to transaction costs and certain adjustments. The net proceeds received by Dye & Durham at closing are being used to reduce the company's senior debt.\n \n \n \n About Dye & Durham\n \n \n \n Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, and Australia. Additional information can be found at\n \n \n www.dyedurham.com\n \n \n \n \n \n Forward-looking Statements\n \n \n \n This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company's current expectations regarding future events, including with respect to the receipt of earn-out payments, and the use of proceeds. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as \"plans\", \"targets\", \"expects\"...