RSM Tenon fire sale continues

Top 10 firm RSM Tenon has signed agreements with Grant Thornton and Saffery Champness for the disposal of its Individual Voluntary Arrangement (IVA) business and Film & TV Unit respectively.

GT signed a binding agreement at the end of September to acquire Tenon’s personal insolvency division for £7m, after costs and post completion adjustments.

The deal for the Manchester-based IVA unit is expected to go ahead on or before 5 October and contains customary warranties, indemnities and termination rights.

Continued...

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