FRP has made its fourth and most material acquisition this financial year in the net £9.4m acquisition of Spectrum Corporate Finance Ltd, a mid-market corporate finance and debt advisory boutique. The deal provides a notable step-up in scale in those complimentary lines of service to the core Restructuring division, which are currently seeing strong deal flow, whilst also enhancing FRP's South Eastern presence/networks. The deal leads to +8% accretion in FY22E forecast EPS. Trading at a post-IPO ....

01 Mar 2021
Cenkos: FRP Advisory Group plc -- Bolstering complementary lines of service

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Cenkos: FRP Advisory Group plc -- Bolstering complementary lines of service
FRP Advisory Group Plc (FRP:LON) | 106 0 0.0% | Mkt Cap: 263.1m
- Published:
01 Mar 2021 -
Author:
Cenkos Securities -
Pages:
8 -
FRP has made its fourth and most material acquisition this financial year in the net £9.4m acquisition of Spectrum Corporate Finance Ltd, a mid-market corporate finance and debt advisory boutique. The deal provides a notable step-up in scale in those complimentary lines of service to the core Restructuring division, which are currently seeing strong deal flow, whilst also enhancing FRP's South Eastern presence/networks. The deal leads to +8% accretion in FY22E forecast EPS. Trading at a post-IPO ....