AFH buys Herts-based Harrison White for up to £738,000

Steve White joins group as adviser

Julian Marr
clock • 2 min read

AFH has completed the acquisition of Tring, Hertfordshire-based Harrison White in a deal that will see Steve White join the consolidator's business as an adviser.

Under the terms of the acquisition, the maximum purchase price is £738,000, based on the ongoing gross profitability of the business, subject to the fulfilment of certain financial targets. AFH said it expected the deal would contribute an aggregate of some £410,000 a year of revenue to the company while adding £55m of funds under management. In a statement, the company added: "The initial consideration for the acquisition is £362,280 in cash, funded from the company's existing cash resources. Further deferred consideration will be payable in cash over the next 26 months in two tranches,...

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