Begbies Traynor Group PLC Completion of Acquisition (5431S)
17 Mars 2021 - 9:14AM
UK Regulatory
TIDMBEG
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 begbies@mhpc.com
Information on Begbies Traynor Group can be accessed via the
Group's website at
www.begbies-traynorgroup.com/investor-relations
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END
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