Empresaria Group plc (AIM:EMR) agreed to acquire 65% stake in Consol Partners Limited for £9.4 million in cash on October 6, 2016. The senior management team of Consol Partners Limited will retain a 35% shareholding. The consideration is fully payable in cash, with an initial payment on completion of £4 million and a deferred amount, expected to be approximately £5.4 million, subject to a net asset value adjustment once completion accounts have been finalised, payable in January 2017. The transaction is financed by the existing multi-currency Revolving Credit Facility of £10 million and operating cash flows of Empresaria. The net assets of Consol Partners Limited is approximately £2.7 million. During the financial year ended December 31, 2015 ConSol achieved unaudited revenues of £23.4 million. The investment will be earnings neutral on an adjusted basis in the 2016 financial year and will be earnings enhancing on an adjusted basis in its first full year in the Empresaria group. John Llewellyn-Lloyd, Steve Douglas, Ciaran Walsh of Arden Partners acted as financial advisors and Rebecca Sanders Hewett, Sarah Fabietti-Dallison, Sam Modlin of Redleaf Communications acted as PR advisors for Empresaria. Mark Farlow of Catalyst acted as financial advisor for the selling shraeholders. Empresaria Group plc (AIM:EMR) completed the acquisition of 65% stake in Consol Partners Limited in October 2016.