BDB Pitmans acts for Frenkel Topping Group PLC on £10 million acquisition
BDB Pitmans has acted for Frenkel Topping Group PLC (Frenkel Topping) on its acquisition of Cardinal Management Limited (Cardinal) for total potential consideration of £10 million.
Frenkel Topping is a specialist independent financial adviser and asset manager with a market-leading position focused on asset protection for clients at times of financial vulnerability, with particular expertise in the field of personal injury and clinical negligence. Frenkel Topping is listed on AIM with a market cap of c£89 million. Cardinal works closely with a number of key NHS Major Trauma Centres to provide a Major Trauma Signposting Partnership support service.
Tax, employment and commercial support was provided by tax partner Alex Barnes, employment partner Nicholas Le Riche and associate Zoe Merrikin, and corporate and commercial partner Hollie Gallagher and associate Alexia Elassadi.
Nick McCarthy, client partner, comments:
‘We are delighted to have assisted Frenkel Topping again on another successful acquisition and look forward to the next one.’
This is the sixth acquisition that the BDB Pitmans team have advised Frenkel Topping on since they begun their acquisition strategy in 2020.