FFI Holdings PLC (AIM:FFI) signed a letter of intent to acquire Buff Dubs Pty. Ltd. in September 2017. FFI Holdings will acquire Buff Dubs on an installment basis, with an initial payment of AUD 1.65 million in cash followed by 5 annual payments of 12.5% of Buff Dub's EBITDA at a 4 times multiple. The purchase will be funded by a combination of IPO proceeds and internally generated cash. Buff Dubs had AUD 4.3 million in revenues and EBITDA of AUD 0.88 million in 2016. The current management and Directors of Buff Dubs will remain in place. Steve Pearce and Joshua Hughes of Liberum Capital Limited acted as financial advisors to FFI Holdings PLC. FFI Holdings PLC (AIM:FFI) completed the acquisition of Buff Dubs Pty. Ltd. on December 1, 2017.