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
Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
Cenkos: FRP Advisory Group plc -- Bolstering complementary lines of service
FRP Advisory Group Plc (FRP:LON) | 143 0.7 0.4% | Mkt Cap: 370.5m
- Published:
01 Mar 2021 -
Author:
Cavendish Research -
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 ....