team plc said thursday that it is raising 27 million pounds 33 million via a share issue to part fund the acquisition of financial planning and investment consultancy business concentric group ltd the fundmanagement group is issuing 44 million shares at a price of 60 pence each representing a 55 discount to the closing price on wednesday team will pay an initial consideration of gbp17 million in cash to the owners of concentric plus a deferred consideration of up to gbp08 million in new team shares concentric which provides advice and analysis to over 430 investors generated revenue of gbp10 million and adjusted earnings before interest taxes depreciation and amortization of gbp02 million in 2021 the acquisition is expected to complete in the autumn team shares at 0709 gmt were down 16 at 625 pence