AFH acquires protection specialist Eunisure for up to £4.5m

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...