AFH Financial Group Plc (AIM:AFHP) acquired Client Portfolios of Groom Associates LLP for £0.62 million on November 4, 2019. Under the terms of the acquisition, the maximum purchase price is £0.62 million dependent upon performance criteria of the business acquired. The initial consideration for the acquisition is £0.32 million in cash, funded from the AFH Financial Group Plc existing cash resources. Further deferred consideration will be payable in cash over the next 26 months, subject to enhanced performance criteria of the business being achieved. As part of the transaction Bill Groom and Annabelle Duncan will retire following the acquisition and their clients will be serviced by existing AFH advisers. John Fishley and Richard Bootle of Liberum Capital Limited acted as financial advisor to AFH Financial Group Plc. AFH Financial Group Plc (AIM:AFHP) completed the acquisition of Client Portfolios of Groom Associates LLP on November 4, 2019.