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New Deal


Announced

FRP Advisory Group to acquire APP for $66m.

Financials

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Transaction Value£54m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Management Consulting

Cross Border

auditing services

Cyprus

Majority

Private

advisory

tax advisory

Pending

Friendly

Synopsis

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FRP Advisory Group, a specialist business advisory firm, agreed to acquire APP, a provider of advisory, tax and audit services, for $66m. "We are thrilled to be joining FRP. We have worked with the team for the last few years, and this cements what has been a fantastic working relationship. We are excited by the new growth opportunities this represents, whilst enabling us to continue to provide our existing clients with an industry leading level of service and creating employment opportunities for exceptional talent across Cyprus and beyond," Augoustinos Papathomas, APP Founder and Senior Director.

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