M&A
confidence high
sentiment positive
materiality 0.65
Marygold completes Tiger Financial acquisition for £2.4M (~$3.0M); expands UK presence
Marygold Companies, Inc.
- Aggregate purchase price £2,363,977 (~US$2,978,611), paid in three installments.
- First installment ~$1.7M at closing; remaining ~$1.3M due Dec 2022 and Dec 2023.
- Tiger has £42M (~$53M) assets under advice; founder Keith Halford stays on.
- CEO expects acquisition to be immediately accretive; Marygold mobile app planned for US launch later in 2022.
- Acquisition gives Marygold & Co. UK regulatory license to expand advice services.