AFH buys Herts-based Harrison White for up to £738,000

Under the terms of the acquisition, the maximum purchase price is £738,000, based on the ongoing gross profitability of the business, subject to the fulfilment of certain financial targets. AFH said it expected the deal would contribute an aggregate of some £410,000 a year of revenue to the company while adding £55m of funds under management. In a statement, the company added: "The initial consideration for the acquisition is £362,280 in cash, funded from the company's existing cash resources. Further deferred consideration will be payable in cash over the next 26 months in two tranches,...