Last checked at 17 Mar 2021 08:14
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 begbies@mhpc.com
Information on Begbies Traynor Group can be accessed via the Group's website atwww.begbies-traynorgroup.com/investor-relations