TEAM plc (AIM:TEAM) entered into an agreement to acquire Homebuyer Financial Services Limited for £2.4 million on December 27, 2023. Homebuyer Financial Services reported the revenue of approximately £1.3 million, gross assets of approximately £0.84 million for the period ended January 31, 2023. The acquisition is subject to various conditions, including regulatory approval from the Jersey Financial Services Commission and a fundraising by the Company which is expected to occur in early 2024.

Giles Fitzpatrick of Hannam & Partners (Advisory) LLP acted as financial advisor to TEAM plc. Tom Griffiths, Iain Sexton and Guy Wiehahn of Shore Capital Markets Limited acted as financial advisor to TEAM plc.