黑洞社区

Davis Langdon & Seah, the Asian arm of Davis Langdon, has said it rejected a deal with Aecom because it was financially strong enough to remain independent, but sources claim it was initially keen on a deal.

The partnership, which has 33 offices and employs 3,000 people in 13 countries, including Malaysia, the Philippines and China, also feared that being rebranded could damage its reputation.

Lai Pak Hung, a director of the quantity surveyor, said: 鈥淭he most important thing is we think we are strong enough to sustain ourselves - the Asian market is strong enough.鈥�

He added that Seah was also concerned about losing the respected DL brand to a group that was 鈥渘ot that known in Asia鈥�.

The remainder of the group was bought by Aecom for 拢204m two weeks ago in a deal that will mean that the 91-year-old consultant is swallowed by the 拢3.8bn-turnover Californian giant. Several sources have suggested the main DL business was forced into a deal with Aecom after running up high debt, a claim the consultant denies.

The mystery surrounding the deal deepened this week after two sources familiar with the situation said Seah had pulled out of doing a deal with Aecom in recent weeks after agreeing to it.

The reasons behind the change are thought to include how much the 15 partners would receive. 鈥淚t was a big issue,鈥� said one source.

They added: 鈥淪eah was initially keener than the other parts of the business. But then it fell through at the last minute.鈥�

Another source said Seah was 鈥渞eady for a deal鈥� with Aecom before backtracking.

Meanwhile a senior source at DL denied reports that the Aecom deal had resulted in big payouts for partners. He said: 鈥淣o partner in Europe and the Middle East received more than a million pounds to my knowledge.鈥�

Aecom and DL declined to comment on the talks held with Davis Langdon & Seah.