Quindell has purchased 4 legal firms to set up Quindell Legal Services (QLS). Silverbeck Rymer (Dec 2012) for £27.8m Pinto Potts (Dec 2012) for £17.4m Compass Costs (Apr 2013) for £8.3m AAH - Accident Advice (Apr 2013) for £56m Total purchase price of £109.5m source: www.quindell.com These purchases generally included combination of shares and cash. Even if you say Quindell has improved these businesses you wouldn't expect SGH to pay more than £109.5m Should be noted this is only Personal Injury Law - "ambulance chasing" . There seems to be alot of people saying that QLS is worth over £1bn, I struggle to believe that SGH will pay this amount.
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