Fri, 27 Dec 2024 | BUSINESS SALE
The Law Debenture Corporation has bought process agent services business Hackwood Secretaries from Linklaters.
The business will now be renamed LDCS Process Agent Limited and could lead to closer collaboration between Law Debenture and Linklaters.
A process agent is a person or entity that acts on behalf of a company or individual in a country where they do not have a physical presence. They are often utilised for international transactions.
Denis Jackson, CEO of Law Debenture, said that the acquisition builds on its well established and trusted global book of Process Agent Services, "marking a further step in expanding Law Debenture's capabilities within Independent Professional Services."
"Managing thousands of live appointments, our global team brings 100+ years in cumulative experience and quality service delivery. With 24/5 availability, our global offices provide availability throughout the day and across all our jurisdictions," he said. "Speed, flexibility and responsiveness make us the UK's leading process agent and the long established Law Debenture team looks forward to working closely with Linklaters to ensure a smooth transition of the business. This transaction is symbolically significant to our group and further strengthens our important relationship with Linklaters and we see potential for even closer collaboration in the future."
Law Debenture dates back to 1889 and has a diversified range of activities in the financial and professional services sectors.
It is an Investment Trust with its portfolio of investments being managed by James Henderson and Laura Foll of Janus Henderson Investors.
It is also a provider of independent professional services - Pensions, Corporate Trust and Corporate Services businesses.
It operates globally, with offices in the UK, New York, Ireland, Hong Kong, Delaware and the Channel Islands.
Linklaters is a global law firm with 31 offices in 21 countries. It covers a range of sectors from banks to energy & utilities, chemicals and sports. It has nearly 6,000 staff.
Find out more about M&A in the services sector
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This practice, established for over 15 years, is available for sale. Practitioner would be available to assist in the transition period to ensure a smooth handover of clients.
This practice, which was established over 30 years ago, is available for sale. Practitioners would be available to assist in the transition period to ensure a smooth handover of clients.
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