IN BRIEF: Law Debenture buys Linklaters’s process agency business

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Law Debenture Corp PLC - London-based investment trust that also provides independent governance and transactional support services - Fully buys Hackwood Secretaries Ltd, which has now been renamed LDCS Process Agent Ltd, from Linklaters LLP. The acquisition aims to boost the relationship between Law Debenture and Linklaters.

Via the acquisition, Law Debenture ‘acquired the process agency business previously owned by Linklaters,’ the company says.

Law Debenture Chief Executive Officer Denis Jackson says the transaction: ‘Builds on our 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. 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.’

Current stock price: 882.00 pence each, closed 0.7% higher on Friday in London

12-month change: up 9.6%

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