Concierge Technologies acquires UK asset manager Tiger Financial for £1.5M

Marygold Companies, Inc.

Cash purchase price of £1.5M (~$2.1M) plus liquid assets; paid in three installments over two years.
Tiger has ~£42M (~$59M) in assets under management; described as profitable and immediately accretive.
Transaction expected to close within 90 days, subject to FCA regulatory approval.
Founder Keith Halford will remain as manager/advisor for an indefinite period.
Acquisition is first step toward marketing Marygold's no-fee mobile banking app in the UK.

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