FRP has announced the £5.3m acquisition of JDC Group, a corporate finance and forensic services firm with a strong presence in East Anglia, Essex and London. The deal, paid in cash (upfront & deferred) and new FRP equity, adds scale FRP's corporate finance and forensic capabilities, while widening FRP's geographical spread in its core restructuring activities. Given the multiple paid and minor dilution, the deal is accretive to both FY21E (+3%) and FY22E (+5%) earnings per our newly updated fore ....
15 Oct 2020
Cenkos: FRP Advisory Group Plc - Acquisition of JDC group
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Cenkos: FRP Advisory Group Plc - Acquisition of JDC group
FRP Advisory Group Plc (FRP:LON) | 121 1.8 1.3% | Mkt Cap: 304.2m
- Published:
15 Oct 2020 -
Author:
Cavendish Research -
Pages:
7
FRP has announced the £5.3m acquisition of JDC Group, a corporate finance and forensic services firm with a strong presence in East Anglia, Essex and London. The deal, paid in cash (upfront & deferred) and new FRP equity, adds scale FRP's corporate finance and forensic capabilities, while widening FRP's geographical spread in its core restructuring activities. Given the multiple paid and minor dilution, the deal is accretive to both FY21E (+3%) and FY22E (+5%) earnings per our newly updated fore ....