AFH Financial Group Plc (AIM:AFHP) acquired Broadleaf Financial Services Limited for £3.2 million on September 18, 2019. Under the terms of the acquisition, AFH Financial will pay an initial cash consideration of £1.7 million and the remaining amount will be payable in cash over a 26-month period. The initial consideration was paid from existing cash reserves. Upon completion of the transaction, John Shaw, principal adviser and Director and one of the founders of Broadleaf, together with his fellow directors, will retire from the business while four advisers from Broadleaf will join AFH together with their support staff, bringing their clients and £140 million of Funds Under Management. Richard Bootle, Euan Brown, Kane Collings of Liberum Capital Limited acted as financial advisor to AFH Financial in the transaction. AFH Financial Group Plc (AIM:AFHP) completed the acquisition of Broadleaf Financial Services Limited on September 18, 2019.