skip to content

Bids, Mergers and Takeovers

Charles Taylor acquires Criterion

10 August 2017 09:25

Charles Taylor subsidiary, Charles Taylor Adjusting Limited, has acquired Criterion Adjusters, Criterion Surveyors and Criterion Claims Management, a group of specialist loss adjusting, surveying and claims management businesses, for a maximum consideration of £13.1 million.

Criterion is focused on the UK high net worth property, fine art and antiques insurance sectors.

Charles Taylor paid £5.3 million in cash on completion to acquire 100% of the equity of the three Criterion businesses.

It said a further payment of £1.0 million had been made to the shareholders to reflect the net cash position of the company and to enable them to settle directors' loans owing to Criterion.

It said a deferred consideration of up to £7.8 million would be paid, based on business performance over the three years following completion, of which 50% would be paid annually over the three years, with the remaining 50% held back and released on the fifth anniversary of completion.

At 9:25am: (LON:CTR) Charles Taylor PLC share price was -2.5p at 242.5p

Story provided by

Related Company: CTR

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.