Completion of Acquisition

RNS Number : 5431S

Begbies Traynor Group PLC

17 March 2021

 

17 March 2021

Begbies Traynor Group plc

Completion of Acquisition

Begbies Traynor Group plc (the "Group"), the   business recovery, financial advisory and property services consultancy, is pleased to announce that the acquisition of David Rubin & Partners Limited ("DRP") has completed and is now unconditional in all respects.

As announced on 11 March 2021, this represents the largest acquisition the Group has undertaken to date and builds on the recent acquisition of CVR Global LLP, resulting in a significant increase in the scale of the Group's business recovery and financial advisory business, especially in the key London market.

Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented:

"The acquisition of DRP is our largest acquisition to date and is expected to be immediately earnings enhancing. It leaves the Group well-positioned to increase its market share and continue to grow its business recovery and financial advisory revenues.

"With the benefit of this and other recent acquisitions together with organic growth initiatives the Group is well positioned to deliver material growth in the 2021-22 financial year."

Enquiries please contact:

Begbies Traynor Group plc  0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

Canaccord Genuity Limited     020 7523 8000

(Nominated Adviser and Joint Broker)

Emma Gabriel / Angelos Vlatakis

Shore Capital   020 7408 4090

(Joint Broker)

Mark Percy / Anita Ghanekar

MHP Communications   020 3128 8168

Reg Hoare / Katie Hunt / Florence Mayo  [e-mail]  

Information on Begbies Traynor Group can be accessed via the Group's website at
www.begbies-traynorgroup.com/investor-relations

 

END

 

 

ACQJRMPTMTBBMJB