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New Deal


Announced

Completed

Gibbs Denley completed the acquisition of Progeny.

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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Diversified Financials

asset management

financial planning

United Kingdom

Acquisition

Majority

Private

Completed

Cross Border

Friendly

Single Bidder

Synopsis

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Gibbs Denley, a financial planning firm, completed the acquisition of Progeny, a professional services firm. Financial terms were not disclosed. “In becoming part of Progeny we take a quantum leap in the services we provide to our clients, with financial planning, investment management, legal and tax specialists in house. We can keep striving to achieve ever-higher standards for our clients and now offer them easy access to a range of additional professional services to meet all their legal and financial needs,” Neil Moles, Progeny CEO.

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