International firm DWF, now private-equity owned after a bruising four years as a stock exchange listed firm, is expanding in Australia with the acquisition of the country's largest claims management business. The acquisition of Proclaim will be a significant expansion of DWF’s claims management and adjusting business in Australia, which has the world’s fourth largest Lloyd’s market, the firm said today.

No financial details were released. 

Proclaim was founded in 1999 by Jon Broome, who remains managing director and will continue to lead the team post-transaction. It employs 60 people at offices in Melbourne and Sydney. Following the acquisition, DWF's claims management and adjusting business will employ 320 people based in nine jurisdictions. 

Sir Nigel Knowles, DWF chief executive, said: 'This acquisition will mark a significant step forward in our growth strategy, reinforcing our commitment to expanding our footprint in key global markets. Proclaim’s outstanding reputation and expertise align perfectly with our vision and should everything progress as planned, we look forward to welcoming them in the near future.' 

The transaction is expected to complete in four to six weeks, subject to regulatory approvals.

DWF, which in 2019 became the largest legal practice to float in the UK, was last year acquired by Inflexion Private Equity Partners.

 

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