We have upgraded both our forecasts and valuation post the group’s latest acquisition. To recap, in its largest acquisition to date. BEG agreed to pay up to £25m (on a cash/debt free basis with normalised working capital) for insolvency practice David Rubin & Partners (DRP), a long-established operation with offices in London and Guernsey.

24 Mar 2021
Upgrades after DRP acquisition

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Upgrades after DRP acquisition
Begbies Traynor Group plc (BEG:LON) | 108 1.6 1.4% | Mkt Cap: 173.3m
- Published:
24 Mar 2021 -
Author:
Roger Leboff -
Pages:
2 -
We have upgraded both our forecasts and valuation post the group’s latest acquisition. To recap, in its largest acquisition to date. BEG agreed to pay up to £25m (on a cash/debt free basis with normalised working capital) for insolvency practice David Rubin & Partners (DRP), a long-established operation with offices in London and Guernsey.