Business
Acquisition of Groom Wilkes & Wright LLP
Gateley (Holdings) PLC announced the acquisition of Groom Wilkes & Wright LLP (GWW) for a maximum consideration of £9.0 million. The initial consideration of £5.725 million is subject to working capital adjustments and will be paid 75% in cash and 25% in Gateley ordinary shares at £1.24 per share. The remaining consideration will be based on a two-year earn-out period, equal to one times the EBITDA of GWW in each year after completion. GWW, an IP firm, reported revenue of £4.7 million and corporatised profit before tax of £1.4 million for the year ended April 5, 2025, with net assets of £0.3 million. The initial cash consideration will be funded from Gateley's £80 million revolving credit facility. Disclaimer*
About this update from Gateley (holdings) Plc
[{"type":"text","content":"\n\n1 September 2025\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nGateley (Holdings) Plc\n(\"Gateley\" or the \"Group\")\n(AIM:GTLY) \n \nAcquisition of Groom Wilkes & Wright LLP\n \nGateley, the professional services group, is pleased to announce the acquisition (the \"Acquisition\") of Groom Wilkes & Wright LLP (\"GWW\") for a maximum consideration of up to £9.0 million.\n \nFounded more than 20 years ago, GWW is a boutique IP firm specialising in every aspect of trademark and design law, representing clients across all sectors from start-ups to several of the biggest brand-owning companies globally. For the year ended 5 April 2025, GWW delivered revenue of £4.7 million, with corporatised profit before tax of £1.4 million. As at 5 April 2025, GWW had net assets of £0.3 million.\n \nLed by senior partners Trevor Wright and Katy Adams, GWW will operate within Gateley's Business Services Platform and will continue to trade under the name Groom Wilkes & Wright. The Platform combines the considerable commercial expertise of IP and dispute resolution lawyers within Gateley Legal along with trade mark and patent attorneys Adamson Jones and life sciences patent attorneys Symbiosis IP, both acquired by the Group in 2022.\n \nAcquisition rationale\n \nPart of the Group's Platform strategy is to build an industry relevant trade mark attorney and patent services offering via a mix of acquisitive and organic growth, and by adding new trade mark and patent specialisms and geographical areas. Alongside Adamson Jones and Symbiosis IP, the Acquisition of GWW further enhances the development of complementary business services with an IP and brands focus.\n \nThe combined strength and depth of expertise offered by GWW and Adamson Jones positions them as one of the leading trade mark specialists in the UK, making them well placed to extend and win more work in the sector.\n \nTerms of the Acquisition\n \nUnder the terms of the Acquisition, Gateley has acquired Groom Wilkes & Wright LLP from ...