Latin Lawyer's reference to the firm records that "the firm is busiest in the funds space", has been "building its experience of fintech" and is "active elsewhere in the region, in Chile, Argentina, Peru and Central America f
The consideration for the acquisition, which is entirely payable in cash, comprises £342,000 paid on completion with the deferred consideration related to the turnover achieved by the business over the next three years and paid quarterly.
Global Managing Director, Oscar N. Johnson, Jr. noted, “As the first Bahamian law firm to expand outside of The Bahamas, we are very proud to celebrate our ten year anniversary in the Cayman Islands.
The £325 million raised from three global institutional investors, including a sovereign wealth fund, takes the total amount of funds raised by Therium over the US$1billion mark.
Thalassa is a diversified holding company which in 2018 sold its main operating asset, WGP Group, for $20m (purchased in 2011 for $1.35m) plus a potential $10m earnout; $6m of which has been earned, $1.2m has been received and $4.8m of which is due by 11