AFH acquires client portfolio of Emery Little for up to £1.6m

As a result of the transaction, partner Derek Gibbens will join AFH as an adviser and continue to work with the existing clients of Emery. Partner Brian Little will retire following the acquisition and his clients will be serviced by AFH. AFH revealed the initial consideration for the purchase was £870,000 in cash, funded from the company's existing cash resources. Further deferred consideration up to a maximum purchase price of £1.6m will be payable in cash over the next 26 months, subject to enhanced performance criteria of the business being achieved. Based in Wilton, Salisbury, Em...