Paragon Banking Group PLC (LSE:PAG) acquired The Iceberg Partnership LLP for £18.2 million on December 20, 2017. The terms of the transaction include an initial consideration of £5.2 million, with a further £13 million to be paid, subject to meeting performance conditions, over the coming five years. Iceberg will continue to be led by Nick Sanders and Mike Stevenson and will retain the Iceberg brand. Paragon Banking Group PLC (LSE:PAG) completed the acquisition of The Iceberg Partnership LLP on December 20, 2017.