At a time where UK public market valuations remain subdued, especially given GBP weakness, it seems reasonable to assume the potential for opportunistic private bids may increase. We have long argued the merits of certain business services companies with exposure to the legal sector, and we believe recent private interest in the space supports this. In our view, the demonstrable private intrigue may provide a floor to valuations, leaving significant upside risk; if the public market does not
21 Oct 2019
The legal services read across from recent bids on CTR and MUR
Anexo Group Plc (ANX:LON), 64.5 | Gateley (Holdings) Plc (GTLY:LON), 120 | NAHL Group Plc (NAH:LON), 67.5 | Redde Northgate PLC (21W:FRA), 0
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The legal services read across from recent bids on CTR and MUR
Anexo Group Plc (ANX:LON), 64.5 | Gateley (Holdings) Plc (GTLY:LON), 120 | NAHL Group Plc (NAH:LON), 67.5 | Redde Northgate PLC (21W:FRA), 0
- Published:
21 Oct 2019 -
Author:
James Bayliss -
Pages:
7
At a time where UK public market valuations remain subdued, especially given GBP weakness, it seems reasonable to assume the potential for opportunistic private bids may increase. We have long argued the merits of certain business services companies with exposure to the legal sector, and we believe recent private interest in the space supports this. In our view, the demonstrable private intrigue may provide a floor to valuations, leaving significant upside risk; if the public market does not