BEGBIES TRAYNOR GROUP PLC

M&A Activity • Mar 17, 2021

National Storage Mechanism | Additional information

RNS Number : 5431S

Begbies Traynor Group PLC

17 March 2021

17 March 2021

Begbies Traynor Group plc

Completion of Acquisition

Begbies Traynor Group plc (the "Group"), the business recovery, financial advisory and property services consultancy, is pleased to announce that the acquisition of David Rubin & Partners Limited ("DRP") has completed and is now unconditional in all respects.

As announced on 11 March 2021, this represents the largest acquisition the Group has undertaken to date and builds on the recent acquisition of CVR Global LLP, resulting in a significant increase in the scale of the Group's business recovery and financial advisory business, especially in the key London market.

Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented:

"The acquisition of DRP is our largest acquisition to date and is expected to be immediately earnings enhancing. It leaves the Group well-positioned to increase its market share and continue to grow its business recovery and financial advisory revenues.

"With the benefit of this and other recent acquisitions together with organic growth initiatives the Group is well positioned to deliver material growth in the 2021-22 financial year."

Enquiries please contact:

Begbies Traynor Group plc                                                             0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

Canaccord Genuity Limited                                                            020 7523 8000

(Nominated Adviser and Joint Broker)

Emma Gabriel / Angelos Vlatakis

Shore Capital                                                                                    020 7408 4090

(Joint Broker)

Mark Percy / Anita Ghanekar

MHP Communications                                                                     020 3128 8168

Reg Hoare / Katie Hunt / Florence Mayo                                           begbies@mhpc.com 

Information on Begbies Traynor Group can be accessed via the Group's website at

www.begbies-traynorgroup.com/investor-relations

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