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| | Cobbetts advises RSM Bentley Jennison on merger Dec 9 2009 |
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Cobbetts’ Birmingham corporate team has advised RSM Bentley Jennison on its proposed merger with Tenon Group PLC.
The merged practice will trade as RSM Tenon and operate across the length and breadth of the UK with local expertise and national strength. On completion of the deal, RSM Tenon will employ nearly 3,000 staff and generate a combined fee income in excess of £250m.
Corporate partner Graham Muth, who led the team for Cobbetts, commented: “The deal will present RSM Bentley Jennison and Tenon Group PLC with a great opportunity to grow and benefit from each other’s strengths in the market. I have no doubt that we will see further consolidation in the professional services market as firms respond to client demands for a broad range of quality products and services.”
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