AFH Financial Group Plc (AIM:AFHP) acquired Mulberry Independent Financial Advisers Limited for £5.3 million on September 13, 2019. Under the terms, AFH Financial Group Plc paid initial consideration of £2.3 million from existing cash reserves. Balance £3 million is payable in cash over a 26-month period, dependent on the performance of Mulberry during this period. Four advisers of Mulberry Independent Financial Advisers Limited, including the founders and current directors, will join AFH Financial Group Plc together with their support staff bringing their clients and £170 million of FUM. Richard Bootle and Euan Brown of Liberum Capital Limited acted as a financial advisor to AFH Financial Group Plc. AFH Financial Group Plc (AIM:AFHP) completed the acquisition of Mulberry Independent Financial Advisers Limited on September 13, 2019.