AFH Financial Group Plc (AIM:AFHP) acquired Shield Direct Limited for £0.52 million on January 19, 2017. Under the terms of the acquisition, the maximum consideration payable by AFH is £0.52 million. An initial cash consideration of £0.27 million has been paid upon completion, satisfied from AFH's existing cash resources. Further deferred consideration of up to £0.25 million will be payable in cash over the next 26 months in two tranches, dependent upon performance criteria of the assets acquired. In a related transaction, AFH Financial Group acquired the assets of Aberdeen Wealth Management Limited for £1.2 million on January 19, 2017. Following the acquisitions Mike Murray will join AFH as an adviser based in Aberdeen, other vendors will retire and their clients will be serviced by existing AFH advisers. John Fishley and Richard Bootle of Liberum Capital Limited acted as the financial advisors and brokers and Geoffrey Pelham-Lane and Jennifer Renwick of Camarco acted as the public relation advisors for AFH Financial Group Plc. AFH Financial Group Plc (AIM:AFHP) completed the acquisition of Shield Direct Limited on January 19, 2017.