IFG, the financial services company, has acquired the business of Denmark House Group, a British financial advisory group, for £400,000 sterling (€648,000). The initial consideration will be £350,000 sterling on completion, with a further later payment of £50,000.

In addition, the principals of Denmark, Mr Simon Kiley and Mr James Grant, will be employed by IFG under a management contract related to the performance of Denmark. Denmark is based in Stowmarket, Suffolk. It earns £200,000 in annual renewal commissions.