IFG, the financial services group, has acquired DK Wild & Co, a financial advisory company, for up to £2.6 million sterling (€4.1 million).
There will be an initial cash payment of £1.5 million. Additional payments, up to a maximum of £1.1 million, will be payable at six times the average profits in excess of £250,000 a year for the three years to the end of December 2003.
Wild is based in Norwich, in England, and is mainly in the investment business. In operation since 1989, profits amounted to £287,604 sterling on turnover of £1.5 million, in the year to January 31st, 2000. Net assets amount to £135,000.
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