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Accident claim news
13/10/2008

No win no fee compensation claim company's sell-off pushed back

No win no fee compensation firm National Accident Helpline will see a delay in sale proceedings, according to this weekend's Independent on Sunday, along with other firms whose auction proceedings are being held up as "the credit crunch wrecks private equity's ability to finance bids."

The article said that a source close to the personal injury claim company had revealed an important information memorandum was yet to be circulated. This is one of the factors that will push back the accident claim firm's auction, believed to be worth £90 million, at least into the new year.

Few sources are prepared to break anonymity, but some have said, "Now is just not the right time to sell," and "How do you get deals past banking finance committees at a time like this?"

Depending on how long this fear regarding private equity deals lasts, many businesses involved in sell-offs, including the no win, no fee compensation firm National Accident Helpline, may find themselves experiencing adverse effects of the credit crunch.

No win no fee does not apply to clinical or medical negligence cases. Separate arrangements will be made for the funding of these cases and this will be discussed with you in detail before proceeding with your claim.