UK business advisory firm FRP has acquired a London-headquartered financial services company for £6.7m.

Arc & Co provides FCA-regulated financial advice to UK and international clients in the real estate sector.

FRP, which has offices across the UK including in Bristol, Cardiff, Birmingham, Leeds, Newcastle and Manchester, said the deal would "broaden" its existing real estate capabilities.

Arc & Co’s co-founders - Andrew Robinson and Edward Horn-Smith - have joined FRP as partners, while all 18 staff members have also transferred over.

FRP says it is intending to launch a sixth service pillar - FRP Real Estate Advisory - following the deal, to help boards, lenders and advisors "create, preserve and realise value and, where necessary, manage risk".

Geoff Rowley, chief executive of FRP

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