Gateley (Holdings) Plc (AIM:GTLY) acquired The Vinden Partnership Limited for £7.4 million on March 6, 2020. Gateley (Holdings) Plc shall pay £6.15 million in cash on completion and remaining through issuance of 1.6 million shares. Gateley (Holdings) Plc shall pay £0.6 million deferred payment in cash on the basis of financial performance as on August 31, 2020. The Vinden Partnership Limited will trade under the name Gateley Vinden Limited following acquisition. In the year ended August 31, 2019, Vinden's revenue was £4.7 million, generating profit before tax of £0.8 million. The initial cash consideration will be funded from Gateley's existing banking facilities. Chief Executive Officer and founder, Peter Vinden, Managing Director, Chris Duffill and Directors, Andrew Crompton and Martin Bennett will remain on the Gateley Vinden management board going forward. The Board expects the transaction to be immediately earnings enhancing. Matt Goode, James Thompson and Andrew Burdis of FinnCap Ltd. acted as financial adviser a broker to Gateley (Holdings) Plc. Gateley (Holdings) Plc (AIM:GTLY) completed the acquisition of The Vinden Partnership Limited on March 6, 2020. As of February 5, 2021, 0.2 million new ordinary shares have been issued and allotted. The Board has approved the payment of deferred consideration based on Gateley Vinden's performance for the year ended August 31, 2020.