4 November 2013
AFH Financial Group PLC
("AFH" or the "Company")
ACQUISITION OF ORIGIN FINANCIAL LIMITED
AFH Financial Group PLC announces the acquisition of Origin Financial Limited ("Origin"), an IFA based in
Hagley, West Midlands. This acquisition marks the Company's sixteenth acquisition since listing on ISDX in
June 2011 and the third since the Retail Distribution Review (RDR) was implemented on 1 January 2013.
Origin has approximately GBP 88.0 million of funds under management for clients throughout the West
Midlands. In the year ended 31 December 2012, Origin had revenues of approximately GBP 770,000 of which GBP
440,000 was recurring income. All advisers and staff will remain with the company, including Andrew Smith,
current CEO of Origin, who will be a Divisional Director. The business will, after a short integration
period, operate from AFH's Bromsgrove headquarters.
The maximum consideration for the acquisition is GBP 1.1 million. This will be satisfied by an initial cash
payment within three months of completion of GBP 412,501 from the Company's existing resources; further
cash consideration, up to a maximum of GBP 687,499, may be payable over the 29 months following the
acquisition, depending on the performance of Origin in that period.
Commenting on today's acquisition, Alan Hudson, Chairman and Chief Executive of AFH, said: "We are
delighted to continue a period of high activity for the Company with our sixteenth select acquisition since
"With the recent fundraising completed, we have the necessary capital to make strategic investments in
complimentary businesses that add immediate value and help promote AFH as a leading UK IFA.
The directors of AFH Financial Group PLC are responsible for the content of this announcement
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chairman and Chief Executive
Peterhouse Corporate Finance Limited 020 7469 0930
Mark Anwyl or Duncan Vasey
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Dominic Barretto or Kelsey Traynor