AFH acquires protection specialist Eunisure for up to £4.5m

Second deal in two days

Julian Marr
clock • 2 min read

AFH has confirmed the acquisition of a second financial advice business in two days, after purchasing the entire issued share capital of Newmarket-based protection specialist Eunisure.

Under the terms of the deal, the maximum consideration payable by AFH is £4.5m, based on "a targeted increase in group profitability attributable to the core Eunisure business and introduced financial planning-led investment management". Vendor and current managing director Ralph Mortlock will remain on the Eunisure board. According to the financial planning-led wealth manager and industry consolidator, the initial consideration has been satisfied by a payment of £1.5m funded from its existing cash resources. It added: "Further deferred consideration of up to £3m will be payable over the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Rosemount adds seven advice firms to network

Rosemount adds seven advice firms to network

Network sees revenues up 38% year-on-year

Isabel Baxter
clock 22 May 2025 • 2 min read
FCA lifts oversight restriction on advice network 2plan after review

FCA lifts oversight restriction on advice network 2plan after review

Regains regulatory approval to expand after 2024 growth concerns

Isabel Baxter
clock 19 May 2025 • 1 min read
Aviva confirms cancellation of chunk of £450m preference shares

Aviva confirms cancellation of chunk of £450m preference shares

Trading of preference shares ceased at 8am on 15 May

Professional Adviser
clock 15 May 2025 • 2 min read