AF Legal Group Limited (ASX:AFL) agreed to acquire Contested Wills & Estates practice of Armstrong Legal from Armstrong Legal for AUD 3.7 million on February 29, 2024. The consideration consists of AUD 3.004 million in cash and AUD 0.75 million as an earnout. As part of the consideration, AUD 3.75 million was paid towards assets. The transaction is funded by bank debt. The transaction is subject to several conditions. The transaction is expected to end by April 2, 2024.

AF Legal Group Limited (ASX:AFL) completed the acquisition of Contested Wills & Estates practice of Armstrong Legal from Armstrong Legal for AUD 3.5 million on April 3, 2024.