International law firm Dorsey & Whitney LLP advised long-standing client Quindell Plc (AIM: QPP.L) on the sale of its Professional Services Division to Slater and Gordon for an initial cash consideration of £637 million and further contingent cash consideration payable in respect of the future settlement of its clients' noise induced hearing loss cases. The sale is conditional on approval by Quindell’s shareholders and on certain regulatory approvals, and is anticipated to complete in the first half of 2015.

Mark Taylor, London Corporate Head, led a multi-disciplinary Dorsey team acting for Quindell throughout this complicated transaction which involved a number of structuring and tax issues, as well as those relating to the M&A, regulatory, real estate and intellectual property elements. Rothschild acted as financial advisor to Quindell, and Macfarlanes LLP acted for Slater and Gordon. Mark said: “We are delighted to have been able to help our client Quindell secure this sale to Slater and Gordon – it is the culmination of a lot of hard work, and demonstrates the inherent value of Quindell’s business.”