Tavistock Investments Plc (AIM:TAVI) entered into an agreement to acquire 21% stake in LEBC Holdings Limited from Marie McVitie for £10 million on January 10, 2022. £6.0 million of the consideration will be paid upon completion and £4.0 million will be paid on a date that is twelve months following completion. LEBC's draft accounts for the financial year ended September 30, 2021, show that it achieved gross revenues of approximately £15.0 million and generated EBITDA of approximately £3.3 million. LEBC had gross assets of £9.6 million and net assets of £5.6 million. Completion of the transaction is conditional upon receipt of the FCA's approval. Nick Naylor, Liz Kirchner, Freddie Wooding of Allenby Capital Limited acted as a financial advisor to Tavistock Investments Plc. Max Cornu-Thenard of Lincoln International LLC acted as a financial advisor to LEBC Holdings Limited .

Tavistock Investments Plc (AIM:TAVI) completed the acquisition of 21% stake in LEBC Holdings Limited on April 29, 2022.