Completion of Cobase Acquisition

Alpha Group International PLC

01 December 2023

 

1 December 2023

Alpha Group International plc

("Alpha" or the "Group")

Completion of Cobase acquisition

Alpha Group International plc, a leading provider of financial solutions to corporates and institutions, is pleased to announce that further to its announcement on 12 September 2023, and having now received approval from the Dutch Central Bank and fulfilled all other closing requirements, the acquisition of Transaction Services B.V ("Cobase") has now completed.

The initial consideration of €9.6 million for 85% of the company has been paid in full using Alpha's existing cash resources, with the remaining stake to be acquired via a performance-based earn-out between 2025 and 2028.

More information on Cobase and the strategic benefits of the acquisition can be found in our initial announcement here.

Enquiries:

Alpha Group International plc Morgan Tillbrook, Founder and CEO Tim Powell, CFO	Via Alma
Liberum (Nominated Adviser and Joint Broker) Max Jones Ben Cryer Kane Collings	[phone]
Peel Hunt (Joint Broker) Neil Patel Paul Gillam Richard Chambers	[phone]
Alma Strategic Communications (Financial Public Relations) Josh Royston Andy Bryant Kieran Breheny	[phone]

Notes to editors

Alpha is a high-tech, high-touch provider of enhanced financial solutions dedicated to corporates and institutions operating internationally. Working with clients across 50+ countries, we blend intelligent human capabilities with new technologies to solve complex problems across three key areas: FX risk management, global accounts and mass payments.

Key to our success is our team - over 400 people based across seven global offices, brought together by a high-performance culture and a partnership structure that empowers them to act as owners of our business.

Despite being an established business listed on the London Stock Exchange, we remain relentlessly focused on maintaining the same level of operational agility and client focus we had when we first started in 2009. This dynamic, combined with the passion of our people, have enabled us to make a substantial and enduring difference to our clients, and deliver a growth story to match.

 

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