DWF Group (DWF)

Sector:

Retailers

Index:

FTSE Small Cap

70.30p
   
  • Change Today:
    -0.60p
  • 52 Week High: 142.40
  • 52 Week Low: 46.20
  • Currency: UK Pounds
  • Shares Issued: 324.55m
  • Volume: 52,874
  • Market Cap: £228.16m
  • RiskGrade: 263

DWF Group acquires Poland legal firm K&L Gates Jamka

By Josh White

Date: Thursday 02 May 2019

LONDON (ShareCast) - (Sharecast News) - Legal business DWF Group has reached an agreement to acquire the legal services business of K&L Gates Jamka for an estimated net asset value of £3m, it announced on Thursday.
The London-listed firm said the acquisition would result in the opening of a new office for DWF in Poland - its first since its initial public offering - with 11 partners, 45 lawyers and a further 31 support staff joining DWF.

It said the deal was expected to be completed later in May.

DWF explained that K&L Gates Jamka, led by managing partner Michal Pawlowski, specialised in commercial legal services including corporate and mergers and acquisitions, litigation, banking, finance and restructuring, energy and environment, venture capital and private equity, and intellectual property across a "broad range" of sectors.

K&L Gates Jamka was expected to generate revenue of £7m in the financial year ending 30 April 2020.

The acquisition was the first since DWF became the first main market premium-listed legal business on the London Stock Exchange in March, with the board saying it was evidence of the group's strategy to grow its complex, managed and connected services capabilities.

"We look forward to welcoming Michal Pawlowski and his colleagues to DWF," said the company's managing partner and chief executive officer Andrew Leaitherland.

"This move will strengthen DWF's capabilities in our global sectors of financial services and real estate, among others, and provides further opportunities in technology and energy where our businesses have strong alignment. It is the next step towards achieving our strategy of delivering complex, managed and connected services on a truly global scale."

Leaitherland said it also fulfilled one of the international expansion opportunities DWF highlighted in its prospectus.

"Poland has a strong and dynamic economy and is an important gateway to central, eastern and southeastern Europe as a whole.

"Having a presence there delivers on our international strategy to be where our clients need us to be."

Michal Pawlowski added that becoming part of DWF provided the opportunity to continue his company's growth and development plans within both the legal services and connected services markets of Poland.

"Our values and culture, as well as our strongly aligned sector focus provide a platform for our future success."

The Warsaw office would be DWF's seventh continental Europe office alongside Brussels, Paris, Milan and three in Germany.

On completion, DWF would have more than 3,200 people across 28 key commercial centres in the UK and internationally, on four continents.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DWF Group Market Data

Currency UK Pounds
Share Price 70.30p
Change Today -0.60p
% Change -0.85 %
52 Week High 142.40
52 Week Low 46.20
Volume 52,874
Shares Issued 324.55m
Market Cap £228.16m
RiskGrade 263

DWF Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.09% below the market average26.09% below the market average26.09% below the market average26.09% below the market average26.09% below the market average
18.37% below the sector average18.37% below the sector average18.37% below the sector average18.37% below the sector average18.37% below the sector average
Price Trend
57.15% below the market average57.15% below the market average57.15% below the market average57.15% below the market average57.15% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
18.93% below the market average18.93% below the market average18.93% below the market average18.93% below the market average18.93% below the market average
23.53% below the sector average23.53% below the sector average23.53% below the sector average23.53% below the sector average23.53% below the sector average
Growth
8.27% below the market average8.27% below the market average8.27% below the market average8.27% below the market average8.27% below the market average
24.00% above the sector average24.00% above the sector average24.00% above the sector average24.00% above the sector average24.00% above the sector average

DWF Group Dividends

  Latest Previous
  Final 2nd Interim
Ex-Div 24-Sep-20 23-Jan-20
Paid 05-Nov-20 21-Feb-20
Amount 0.75p 1.25p

Trades for 24-Sep-2020

Time Volume / Share Price
16:29 4 @ 70.51p
16:15 2,401 @ 69.00p
16:15 2,401 @ 69.00p
16:06 14,200 @ 70.42p
15:47 100 @ 70.39p

DWF Group Key Personnel

CEO Nigel Knowles
CFO Chris Stefani
Chair Jonathan Bloomer

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