Pivotal Growth Limited acquired Group First Limited and RSC New Homes Ltd from LSL Property Services plc (LSE:LSL) for £20 million on January 13, 2023. The consideration payable is 7x the combined Group First and RSC EBITDA in calendar year 2024, subject to agreed working capital adjustments, capped at a maximum of £20 million. The consideration is payable in cash to LSL during H1 2025, at which time LSL will consider the most effective use of the funds.

Pivotal Growth Limited completed the acquisition of Group First Limited and RSC New Homes Ltd from LSL Property Services plc (LSE:LSL) on January 13, 2023.