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New Deal


Announced

Completed

Begbies Traynor Group completed the acquisition of CVR Global for £21m.

Financials

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Transaction Value£20m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales2.2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Friendly

accounting solutions

Private

Diversified Financials

Completed

United Kingdom

Single Bidder

Majority

Synopsis

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Begbies Traynor Group, the business recovery, financial advisory and property services consultancy, completed the acquisition of CVR Global, an independent firm of insolvency practitioners, forensic accountants and experts in other related complementary disciplines, for £21m. "The acquisition of CVR is our largest insolvency acquisition to date and is expected to be immediately earnings enhancing. The increase in scale and capabilities leaves the group well-positioned to increase its market share and continue to grow its business recovery and financial advisory revenues," Ric Traynor, Begbies Traynor Group Executive Chairman.

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