FRP Advisory buys Arc & Co Structured Finance in PS6.7 million deal

FRP Advisory Group PLC on Friday said it has acquired London-based provider of financial advisory services to the real estate sector Arc & Co Structured Finance Ltd, as it looks to broaden its sector capabilities.

The London-based business advisory said the acquisition is for a £6.0 million consideration, with a further amount for the net assets acquired on completion of around £650,000.

The upfront figure is split between cash of around £4.9 million and the issue of new shares valued at around £1.8 million, said FRP.

It also noted a three-year performance earn out tied to profit in excess of a certain, undisclosed target.

FRP said FCA-regulated Arc & Co serves clients both domestically and internationally, and reported £5.4 million in revenue for the financial year to June 30, along with earnings before interest, tax, depreciation and amortisation of £1.6 million.

FRP expects the acquisition to be earnings accretive within the first full year of ownership, adding around £7 million in revenue and approximately £1.1 million in adjusted Ebitda from financial 2027.

Shares in FRP Advisory were trading flat at 140.00 pence on Friday morning in London.

‘Arc & Co’s expertise broadens our existing Real Estate capabilities. In launching FRP Real Estate Advisory as a service pillar we bring these specialists together in order to better serve clients with their Real Estate requirements. We consider this acquisition will allow FRP to deepen relationships across the Real Estate sector, with increased opportunities for revenue generation across the group,’ said FRP Chief Executive Geoff Rowley.

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