TP Group Plc acquires of Osprey Consulting Services Ltd

TP Group Plc (LON: TPG) has acquired the entire issued share capital of Osprey Consulting Services Ltd.

  • The acquisition, which is on a debt-free, cash-free, normalised working capital basis, is for a maximum cash consideration of £3.5 million.
  • The company has already paid an initial consideration of £2.25 million on the acquisition, and an additional £1.25 million is payable at the end of year one, based on the completion of some transition activities by the vendors.
  • On 25 August 2020, at the time of writing, GMT 09:52 AM, TPG shares were trading at GBX 6.90, up by 0.25 points or 3.76% against the previous day closing price.