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Marlowe plc, a UK leader in business-critical services and software that assures safety and regulatory compliance, has announced it will acquire Cater Leydon Millard, the law firm, for an enterprise value of £2.25 million.
Cater Leydon Millard is an employment law compliance specialist. The acquisition will deepen Marlows employment law compliance offering and offer attractive collaborations with Ellis whittam, Marlowes platform for fixed-fee HR, employment law and safety services and software.
Cater Leydon generated an operating profit of £0.65 million for the year ending 30 November 2020.
The total enterprise value will involve an upfront cash payment of £1.75 million and a performance related contingent consideration of approximately £0.5 million. The acquisition will be funded from Marlowe's existing cash resources.