K3 Capital Group PLC (AIM:K3C) agreed to acquire Knight R&D Limited for £16.3 million on July 7, 2021. Total consideration of up to £16.3 million, comprising: Initial consideration of £9.328 million on a debt free, cash free basis (to be satisfied as to £7.296 million in cash and £2.032 million by the issue of new Ordinary Shares at the Placing Price ("KRD Consideration Shares"); and Deferred consideration expected to be approximately £4.0 million (capped at £7.0 million) payable as to 60% cash and 40% new Ordinary Shares contingent upon the future EBITDA performance, payable over 4 years. The proceeds of the Placing will be used in part to fund the Acquisition and to satisfy an element of fees payable in relation to the Placing and the Acquisition. Knight R&D Limited reported Revenue for £3.156 million, EBITDA of £1.98 million, gross assets of £2.14 million and profit before tax of £2.25 million September 30, 2020. In a related transaction, K3 Capital Group PLC agreed to acquire Knight Corporate Finance Group Limited for £8.6 million on July 7, 2021. The acquisition is conditional upon but will complete immediately prior to Admission. The acquisition is expected to be immediately earnings enhancing. Jonny Franklin-Adams, Charlie Beeson, George Dollemore, Tim Redfern and Richard Chambers of FinnCap Ltd acted as nominated advisor to K3 Capital Group PLC.