Sequoia Financial Group Limited (ASX:SEQ) acquired Libertas Financial Planning Pty Ltd for AUD 3 million on August 7, 2019. Under the term, Sequoia Financial Group will issue 1.5 million fully paid ordinary shares at 20 cents per share and an upfront cash of AUD 1 million with an additional cash payment in 12 months capped at AUD 1 million and subject to revenue and earnings targets being achieved. The purchase is being funded out of existing cash reserves on an EBIT multiple of approximately 4, with 50% of the cash consideration payable up front and an additional payment in 12 months. The issue of fully paid ordinary shares is expected to use the Sequoia Financial Group's existing capacity under the listing rules. The acquisition of Libertas is expected to add approximately AUD 6 million of annual revenue, an incremental AUD 0.6 million of EBIT for Sequoia Financial Group and to be immediately EPS accretive. Sequoia Financial Group Limited (ASX:SEQ) completed the acquisition of Libertas Financial Planning Pty Ltd on August 7, 2019. Under the terms of consideration, Sequoia paid cash consideration, along with assumed liabilities of AUD 0.4 million and cash acquired of AUD 0.2 million. On July 9, 2020, Sequoia Financial Group Limited issued 3.8 shares at a price of AUD 0.21 per share.