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New Deal


Announced

Progeny to acquire The Fry Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

financial planning

financial sercives

Pending

Friendly

Domestic

Financial Data and Systems

Private

Majority

United Kingdom

Acquisition

Synopsis

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Progeny, a provider of digital identity consultancy and API services, agreed to acquire The Fry Group, a tax, estate and financial planning firm. Financial terms were not disclosed. “The Fry Group and Progeny are a great fit and we’re excited about this next stage in our journey. We are both values-based businesses with a sharp focus on clients, building trust and long-lasting relationships with them and aiming to always exceed their expectations. The wellbeing of our team is a priority and in this area we have more common ground with Progeny, who share our passion for attracting, inspiring and developing exceptional people," David Pugh, The Fry Group CEO.

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