Fri, 17 May 2013
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Listed company launches bid for Silverbeck Rymer
An interesting acquisition in the ABS arena, shortly on the back of the purchase Mobile Doctors. Given Quindell’s involvement in insurance, the ability to effectively have in-house agency services such as medical reporting, and now a law firm. No doubt existing commercial relationships are in place with credit hire providers and other satellite businesses but one can see further acquisitions to then give a 360 degree service without the concern over referral fees and the disruption/illegality the ban will create.
Rob Terry has had considerable success with past ventures and invested £12m in Quindell at start-up. Between the end of October 11 and Jan 12 he has acquired over 3.5m further shares in the business and clearly has confidence in the direction the company is taking.
Be interested to see how this developments.
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