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Team PLC - Jersey-based active fund management - Completes the acquisition of Jersey-based financial planning and investment consultancy business Concentric Group Ltd. This comes after the transaction was approved by the Jersey Financial Services Commission. Team paid an initial £1.7 million in cash for Concentric in a deal announced back in May.
Chief Executive Officer Matthew Moore says: ‘We are very pleased to have completed the acquisition of Concentric which has already shown to be an excellent fit with the wider group. It also completes a good period for Team as we completed our acquisition of Omega last week too. So we can now move forward with two strong Jersey based consultancies both of which significantly enhance the range and quality of services we offer our valued clients.’
Last week, Team completed the acquisition of Jersey-based financial advising company Omega Financial Services Ltd. The £4.0 million deal had been announced back in December.
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