Alpha Group International PLC Completion of Cobase Acquisition (2712V)
01 Décembre 2023 - 8:00AM
UK Regulatory
TIDMALPH
RNS Number : 2712V
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 EUR9.6 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 Via Alma
Morgan Tillbrook, Founder and CEO
Tim Powell, CFO
Liberum (Nominated Adviser and Joint Broker)
Max Jones
Ben Cryer
Kane Collings +44 (0) 20 3100 2000
Peel Hunt (Joint Broker)
Neil Patel
Paul Gillam
Richard Chambers +44 (0) 20 7418 8900
Alma Strategic Communications
(Financial Public Relations)
Josh Royston
Andy Bryant
Kieran Breheny +44 (0) 20 3405 0205
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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END
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