Sequoia Financial Group Limited (ASX:SEQ) agreed to acquire Informed Investor Pty Ltd, Sharecafe Pty Ltd and Corporate Connect Research Pty Ltd for AUD 5.1 million on March 29, 2022. The total consideration will be approximately AUD 5.1 million with an initial payment of AUD 3 million made up of AUD 1.1 million cash and 2,720,723 Sequoia shares at AUD 0.70 per share, plus a deferred payment of a further 3,128,831 shares to be issued after 28 February 2023 subject to achievement of performance hurdles. Tim McGowen will join as the head of Sequoia's direct division. Paul Sagner will join the executive team of Sequoia working across the Direct and Wealth Divisions, as well as assisting us in managing the company’s overall research functionality. The transaction is expected to close on April 1, 2022, and is expected to EPS accretive for FY23 with the transaction valuation based on a 5 times of FY23 forecast EBITDA. Sequoia Financial announced that the acquisition will be completed on April 6, 2022.