AFH acquires Chichester-based adviser for up to £1.1m

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 are met. The deal, which is the second of AFH's financial year, is expected to contribute an aggregate of some £300,000 of recurring revenue to the group. AFH chief executive Alan Hudson (pictured) said he looked forward to working with Walpole to continue the group's growth within the South East of England, adding: "This acquisition highlights the continued high level of activity we ...