Gateley snaps up property specialist in £6.75m deal

Professional services firm Gateley has bought Nottingham-based The Vinden Partnership, a specialist business offering corporate advisory, dispute resolution and consultancy to the property sector, in a deal worth up to £6.75m

Vinden will trade under the name Gateley Vinden following the deal.

In the year ended 31 August 2019, Vinden’s revenue was £4.7m, generating profit before tax of £800,000.

Michael Ward, Gateley chief executive, said: “I am pleased to welcome the Vinden team to Gateley. This is a team we know and trust. Their results driven, client centric and inclusive culture is fully aligned with Gateley’s and we are confident that the integration process will be smooth and rapid. Bringing Vinden’s skills in-house strengthens and expands our corporate advisory, dispute management and resolution expertise.

“This is our ninth acquisition since we joined the AIM market in 2015. We continue to deliver on our strategy, building a strong and diversified group for the benefit of all our stakeholders – our people, our clients and our investors.”

Vinden operates from five locations in Bolton, Nottingham, Liverpool, Manchester and London. The firm employs 40 people with the majority of staff based in the company’s head office in Bolton.

Peter Vinden, chief executive of The Vinden Partnership, added: “This is a really positive move for our team and we are delighted to join Gateley. Our two companies have worked together successfully for a number of years and have a shared ethos and approach. By combining our multi-talented teams, we have an enhanced offering for clients which will bring numerous benefits for all.”