The Financial Post reports in its Tuesday, July 11, edition that Dye & Durham announced the acquisition of TM Group in July, 2021, in a deal worth about 91.5 million pounds. A Canadian Press dispatch reports that the United Kingdom's Competition and Markets Authority ordered the sale of Dye & Durham's acquisition after it found it would "substantially" lessen competition in England and Wales. The firm now has a deal to sell TM Group to Aurelius. Chief executive officer Matthew Proud says he is pleased to "put this regulatory process behind us." "While TM Group wasn't material to our overall business, it is a profitable organization that will generate additional value in the hands of its new ownership." Under the transaction, Dye & Durham will receive about 50 million pounds in cash at closing, with up to 41 million pounds in potential additional earn-out payments between 2023 and 2026. Aurelius is a globally active alternative investment firm, according to Monday's press release from Dye & Durham. Dye & Durham says the deal is expected to close in August. Mr. Proud says the company plans to seek new merger and acquisition opportunities in the United Kingdom to continue to grow its business.