AI Issue 4 2017

Acquisition International - April 2017 7 CoffinMewCompletes Merger with Charles Lucas &Marshall The merger positions Coffin Mew as one of the largest law firms in the central South region, with a 30% increase in turnover and close to 40% increase in staffing levels. The deal will significantly bolster the firm’s Private Client offering, with circa 58% of the combined firm’s work dedicated to Private Client, including a weighty focus on Wills, Trusts and Probate and Wealth Management. Recognising CL&M’s experience in the Rural Land and Landed Estates sector, this merger signals not only the growth of Coffin Mew in real terms, but the expansion of the firm’s expertise and service provision. CL&M is expected to continue trading as CL&M for the time being, with no plans to close offices or make redundancies. Existing clients of both firms will have the same staff working on their files, as part of the strengthened combined team, following a full TUPE consultation. Miles Brown, CEO of Coffin Mew commented, “we have made no secret of the fact that Coffin Mew is an ambitious firm. We aim to be a £20m turnover company by 2020, and this merger is a big step towards achieving that goal. “The addition of CL&M’s staff and expertise complements Coffin Mew’s services across the board. Our teams are already working well together, and I look forward to this being the first of many deals as Coffin Mew continues its expansion in the South, building on its position as one of the region’s leading law firms.” Managing Partner of CL&M, Hemant Amin added, “in merging with Coffin Mew, we have cemented our ability to offer the highest standards of client services across an increased number of sectors. “The integration of CL&M staff has been my key focus and I have been delighted with how seamless the process has been. The combined firm’s talents, expertise and experience will certainly make it a legal force to be reckoned with in the South.” For more information, please visit: www.coffinmew. co.uk or www.clmlaw.co.uk . Leading regional law firm Coffin Mew has on March 31st completed its merger with Charles Lucas & Marshall (CL&M), creating a £15m legal business across eight locations with more than 220 employees. Avis Budget Group, Inc., a leading global provider of vehicle rental services, on April 10th announced the completion of a transaction that will allow the Company to operate the Budget brand in Poland directly and to expand its presence in the Polish market. Prior to the transaction, the Budget brand had been operated in Poland by a third-party licensee since 1990. Avis Budget Group had previously acquired its Avis licensee in Poland in November 2015. The transaction affirms Avis Budget Group’s commitment to the fast-growing Central European markets, further increasing its ability to serve commercial and leisure customers there. The transaction will add more than 300 vehicles to the Avis Budget Group fleet and seven airport rental locations, including Warsaw, Krakow and Gdansk. Mark Servodidio, President, International, Avis Budget Group, said, “we’re excited to announce this transaction. Managing both the Avis and Budget operations in Poland will enable us to drive synergies in the business as well as accelerate the enhancements to the customer experience that our licensee partner has supported for a number of years.” Terms of the transaction were not disclosed. For more information, visit www.avisbudgetgroup. com. Avis Budget Group Completes Transaction to Operate Budget in Poland NEWS / From Around The World