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FRP has announced the acquisition of the Cypriot advisory group APP in a deal that marks the launch of FRP’s first international office.
Headquartered in Limassol, Cyprus, APP is led by father and daughter Augoustinos Papathomas and Christina Papathomas. The group is split into APP Advisory and APP Audit Co Ltd, and provides a range of services across assurance, taxation and business consulting to clients across Cyprus and internationally.
Augoustinos Papathomas founded APP in March 2018 and has worked on the liquidation of Cyprus Airways and the liquidation of Cyprus Popular Bank.
Christina Papathomas is a trained chartered accountant and joined APP in 2021. Prior to this, she spent eight years working for Deloitte in London and has experience working with both listed and large private groups.
Both will join FRP as partners. The rest of the APP team, which includes 14 colleagues and one consultant, will also join the firm and continue to work from their current office in Limassol.
APP will rebrand to FRP following the deal but APP Audit Co Ltd will retain its current name.
Geoff Rowley, CEO of FRP, said: “We have known and worked with the team at APP for many years. They share our values, are experts in their field and focus on providing the highest quality services to their clients.
“This combination lays strong foundations for future growth, and we’re pleased to welcome Augoustinos, Christina and the team to FRP. I have no doubt they will make a significant contribution to the business and look forward to supporting them as they continue to grow.”
Augoustinos Papathomas, founder of APP and partner at FRP, added: “We’re thrilled to be joining FRP. We have worked with the team for the last few years, and this cements what has been a fantastic working relationship.
“We are genuinely excited by the new growth opportunities this represents, whilst enabling us to continue to provide our existing clients with an industry leading level of service and creating employment opportunities for exceptional talent across Cyprus and beyond.”
