The Property Franchise Group PLC (AIM:TPFG) acquired GPEA Limited from nurtur.group Ltd for approximately £20 million on June 3, 2024. The consideration is split with £15 million payable in cash on completion and £5 million payable on the first anniversary of completion of the acquisition. TPFG is paying an initial consideration of £15 million, payable in cash on completion, subject to customary adjustments, funded through a draw down on TPFG's new debt facility with Barclays Bank. To fund the Acquisition and support future growth, TPFG has entered into a new debt facility with Barclays for up to £27 million, of which £15 million is being drawn to fund the Initial Consideration. The transaction includes acquisition of the entire issued share capital of both GPEA Limited and associated companies, trading as The Guild of Property Professionals ("The Guild") and as Fine & Country. The two businesses will continue to operate under their existing brands. The experienced management teams in each of The Guild and Fine & Country will remain in situ to continue to support their network division. There will be no changes to the Board of TPFG following completion of the Acquisition. Max Hartley and Harry Rees of Canaccord Genuity Limited acted as financial advisor to The Property Franchise Group PLC.

The Property Franchise Group PLC (AIM:TPFG) completed the acquisition of GPEA Limited from nurtur.group Ltd on June 3, 2024.