On September 27, 2024, IPH Limited and Smart & Biggar completed the acquisition of Bereskin & Parr LLP for total purchase consideration of approximately $82.5 million, comprising of an upfront cash consideration of approximately $57.8 million and the initial issue of new IPH shares to a value of approximately $24.8 million escrowed for two years. The transaction is IPH’s fourth acquisition in Canada and further consolidates IPH’s presence in Canada.
IPH is the leading intellectual property services group, comprising a network of member firms servicing 26 IP jurisdictions. The group includes leading IP firms Smart & Biggar, AJ Park, Griffith Hack, Pizzeys, Robic, Spruson & Ferguson and online trademarks provider Applied Marks. IPH employs approximately 1,800 people working in Australia, Canada, China, Hong Kong SAR, Indonesia, Malaysia, New Zealand, The Philippines, Singapore and Thailand.