The Liverpool-based Silverbeck Rymer, one of the UK’s top five personal injury firms, has had a partnering agreement with Quindell Portfolio since 2011 to develop its marketing leading proposition. However, in a broadening of the relationship Silverbeck Rymer has agreed to sell the business for £12 million plus shares, subject to approval from the Solicitors’ Regulatory Authority and the Financial Services Authority and, in addition, Chairman, Jim Rymer will join Quindell’s Strategy and Integration Advisory Board. Mr Rymer said:
“Quindell is a major player in the insurance market and our strategic partnership with them has resulted in significant benefits. We firmly believe that these benefits will continue as a result of this fantastic deal. The quality of commercial advice given by the team at Kuits was second to none and we would like to thank them for their support in completing this deal.”
The team from Kuits was led by corporate partner Kirsti Pinnell. Kirsti commented:
“Once approved by the SRA and FSA this will be one of the first major ABS deals in the North West. Silverbeck Rymer is already a well established and successful business. However, the arrival of ABS gives law firms a number of options for growth. We wish them every success in the extenstion of their existing partnership with the Quindell Portfolio.”
