The Alumasc Group plc (AIM : ALU) completed the acquisition of Arp Group Holdings Ltd.
The transaction is subject to regulatory and UK Competition and Markets Authority approval. Transaction is expected to close within 3 months of July 24, 2023. As of December 15, 2023, Alumasc Group confirms that the UK Competition and Markets Authority has today formally issued unconditional clearance in relation to Alumasc's acquisition of ARP Group, which is now expected to complete by December 31, 2023. ARP is expected to be immediately accretive to underlying earnings. Julian Blunt and Edward Whiley of Cavendish Capital Markets Limited acted as financial advisor to The Alumasc Group plc.
The Alumasc Group plc (AIM : ALU) completed the acquisition of Arp Group Holdings Ltd on December 21, 2023. Tim Gladdle of Rothera Bray LLP acted as legal advisor to Arp Group. Breeze Corporate Finance Limited acted as financial advisor to Arp Group. Somerbys acted as accountant to Arp Group. Torr Waterfield Limited acted as accountant to Arp Group.