Findex statement concerning Crowe Horwath

The Findex Group has issued a statement concerning media speculation of a possible offer to acquire Crowe Horwath (ASX:CRH).

CEO, Spiro Paule, has confirmed that Findex has been provided with exclusivity to conduct due diligence in order to enter in to a scheme of arrangement to acquire Crowe Howarth.  He also said that all acquisitions follow a measured and thorough evaluation of target companies.

“Findex has long had a strategy of growth through acquisition. Our highest profile transaction is that of Centric Wealth.  This transaction only occurred after much due diligence and consideration from our experienced mergers and acquisition team. The purchase of Centric Wealth was the right step for the business, our staff and clients and will see the brand maintain its privately owned and non-aligned status.”

“We look for businesses with the right strategic and cultural fit for our group.  Any future acquisitions will follow this same course.   We are undertaking due diligence with Crowe Howarth and have exclusivity until 30 July.

“We currently sit as the largest privately owned and non-aligned financial services business.   We plan to further grow our business in wealth, accountancy and all the adjacent financial services.  As such, we are always considering any number of quality businesses to join our group, one of which is Crowe Howarth.   Further details will be disclosed at the appropriate time.”