Another chapter in the turbulent story of Slater and Gordon (S&G) has unfolded, with the beleaguered listed legal pioneer today (31 August) announcing the splitting off of its UK business from its Australian parent.
S&G’s UK arm will change into a new holding company, called UK HoldCo, which will be owned by the firm’s senior lenders, in a separation agreed as part of a recapitalisation programme linked to its ill-fated acquisition of the Quindell professional services business.
