Published: July 28, 2026 at 11:57 am
A £16 million takeover deal has been agreed for a Liverpool firm which creates AI agents for financial advisory firms.
Investment advice company Tavistock Investments Plc is to acquire 87.9% of Plus Group as it seeks to build a technology-enabled financial services group that combines advice, investment management and intelligent automation for retail investors.
It also kickstarts the group’s rebranding transition into the Vertex Group, following the recent acquisitions of Alpha Beta Partners and Lifetime Financial Management.
The initial consideration for the acquisition is £900,000 payable in cash with a further £3.6m payable in cash over the next eighteen months. Additional deferred consideration of up to £11.5m in cash may become payable over the balance of four years, subject to agreed performance criteria.