Prime Financial Group Limited (ASX:PFG) acquired Intello Pty Ltd for AUD 4.6 million on October 4, 2022. Purchase price of AUD 4.6 million is paid in cash, 70% of consideration paid upfront and 30% subject to performance over a twelve month period. The purchase price is subject to standard closing adjustments. Upon completion of the acquisition, Prime will gain a complimentary and capable team and excellent technology to continue to enhance its services for its B2B Accounting and Financial Adviser clients. CEO of Intello, Nicol will continue to support the Intello team and clients for a period of 12 months. Prime is pleased to announce it has agreed a new AUD 10 million financing facility from Westpac Banking Corporation. Intello has Revenue of AUD 3 million.

Prime Financial Group Limited (ASX:PFG) completed the acquisition of Intello Pty Ltd for AUD 3.1 million on October 4, 2022. The deal was announced and closed on same day following the successful fulfilment of all closing conditions. As on February 17, 2023, the deal terms were revised and AUD 1.76 million cash consideration was paid at completion, with deferred contingent consideration not exceeding AUD 1.35 million.