Personal Touch bought by LSL Property Services for £4.8m

The deal also includes the purchase of Personal Touch Administration Services. The £4.8m deal includes an additional intercompany debt of £0.6m. The agreement is made up of a payment of £2.8m which is due on completion and a further payment of £2m which is deferred for 12 months. The acquisition is being funded from LSL's existing banking facilities, the firm said in a statement to the stock exchange. Personal Touch has 200 appointed representative firms and 474 advisers.  LSL group chief executive Ian Crabb said: "This acquisition supports LSL's stated strategy of enhancing its...