Brickability Group Plc (AIM:BRCK) acquired Group Topek Holdings Limited for £45 million on October 11, 2023. The consideration payable for the Acquisition comprises an initial cash consideration of £27.3 million payable on completion, subject to final working capital adjustments to acquire the business on a cash-free, debt-free basis, and deferred contingent consideration of up to £17.7 million. The deferred contingent consideration is payable subject to adjustments for performance against target performance criteria over the next three years. The Acquisition consideration is being funded from the Group's existing cash resources and from newly amended and restated bank facilities which now mature in October 2026.In the 12 months to 31 August 2023, Topek generated unaudited revenue of £21.2 million and adjusted EBITDA of £8.0 million. Cavendish Securities plc acted as the financial advisor to Brickability Group Plc (AIM:BRCK) in the transaction.

Brickability Group Plc (AIM:BRCK) completed the acquisition of Group Topek Holdings Limited on October 11, 2023.