Affiliate business Raketech has added to a recent string of acquisition deals, purchasing the assets of US-facing tipster ATS Consultants.
The agreed total purchase price is $15.5m (£11.4m/€13.4m) on a cash and debt-free basis, with $12m of this to be paid on closing and a further $1m post-closing.
A further $2.5m will be settled through the issuance of new Raketech shares.
The number of Raketech shares issued will be determined by the volume-weighted Raketech share price 30 trading days prior to the closing date. The shares will also be subject to a lock-up period of 36 months following the completion of the transaction.