AFH acquires Chichester-based adviser for up to £1.1m
Adds £300,000 of recurring revenue
Alan Hudson: “This acquisition highlights the continued high level of activity we are seeing in the market.”
AFH has bought the assets of Chichester-based J W Wealthcare for up to £1.1m in a deal that will see director John Walpole join the consolidator's business as an adviser.
Under the terms of the acquisition, AFH said, the combined maximum purchase price of £1.1m will be payable in cash over the next 26 months in four tranches, depending on whether certain performance criteria...
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