StatPro Group plc (AIM:SOG) agreed to acquire ESG research and index business unit from ECPI Group S.r.l. for €2.9 million on June 12, 2019. Under the terms of the transaction, an initial cash consideration of €0.9 million is payable on completion. An additional €2 million of deferred consideration is payable in March 2022. Deferred contingent consideration is calculated based on two times the net increase in ARR to December 2021, is capped at €10 million and subject to a reduced multiple if the EBITDA of the business unit is less than 20% margin. ESG research and index business unit reported revenue of €0.9 million and EBITDA of €0.3 million in 2018. The transaction is expected to complete on July 1, 2019. Expected to enhance StatPro Group plc's adjusted EPS in the first full year following acquisition. Freddy Crossley, Fabien Holler and James Stearns of Panmure Gordon (UK) Limited acted as financial advisors to StatPro Group plc. Goldenhill Technology Advisors LLC acted as financial advisor to StatPro Group plc (AIM:SOG).