REG - Team PLC - Acquisition

TeamAnnouncement

08/08/2022 09:15

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RNS Number : 2390V  Team PLC  08 August 2022

8 August 2022

TEAM PLC

Completion of Acquisition

TEAM plc ("TEAM"), the wealth, asset management and complementary financial
services group, is pleased to announce the completion of the acquisition of
the entire issued share capital of Concentric Group Limited ("Concentric") as
at 8 August 2022, following the transaction being approved by the Jersey
Financial Services Commission. The acquisition was first announced in May
2022.

 

Concentric is a Jersey based financial planning and investment consultancy
business, delivering market-leading investment performance and analysis for
high-net worth individuals and institutional investors both in Jersey, and
internationally.

 

Matthew Moore COO and CFO of TEAM, commented:

 

"We are very pleased to have completed the acquisition of Concentric which has
already shown to be an excellent fit with the wider Group. It also completes a
good period for TEAM as we completed our acquisition of Omega last week too.
So we can now move forward with two strong Jersey based consultancies both of
which significantly enhance the range and quality of services we offer our
valued clients."

 

Enquiries

 

TEAM plc

Mark Clubb / Matthew Moore

Telephone: +44 (0) 1534 877210

 

Hannam & Partners

(Financial Adviser to TEAM)

Giles Fitzpatrick / Ernest Bell / Richard Clarke

Telephone: +44 20 7907 8500

 

Canaccord Genuity Limited

(Nominated Adviser and Broker to TEAM)

Bobbie Hilliam / Alex Aylen

Telephone: +44 20 7523 8000

 

Novella Communications

(Financial Public Relations)

Tim Robertson / Safia Colebrook

Telephone: +44 20 3151 7008

Information on TEAM

TEAM plc is building a new wealth, asset management and complementary
financial services group. With a focus on the UK, Crown Dependencies and
International Finance Centres, the strategy is to build local businesses of
scale around TEAM plc's core skill of providing investment management
services. Growth will be achieved via targeted and opportunistic acquisitions,
through team and individual hires, through collaboration with suitable
partners, and organic growth and expansion.

www.teamplc.co.uk

 

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