K3 Capital Group PLC (AIM:K3C) acquired Michael Chamberlain & Co Ltd for £4.4 million on October 11, 2022. Under the terms of agreement consideration includes an initial consideration of £3.3 million and an earnout consideration of £1.1 million payable over three years, satisfied through a combination of cash and shares at K3 Capital, subject to certain performance criteria being achieved. The initial consideration of £3.3 million will be satisfied through a draw down from the Company's existing banking facilities. The Michael Chamberlain & Co had turnover of c.£1.6 million and normalised EBITDA of c.£0.8 million in the year ended by April 30, 2022.

K3 Capital Group PLC (AIM:K3C) completed the acquisition of Michael Chamberlain & Co Ltd on October 11, 2022.