Greater Manchester-based K3 Capital has acquired business advisory firm Quantuma in a deal that could be worth over 拢40m.
The Bolton group paid an initial 拢26.95m for the London-based firm, in addition to maximum combined earn outs of 拢15m.
Set up in 2013, Quantuma employs 250 people across 17 海角视频 locations, also operating offices in Cyprus and Mauritius, and its CEO Carl Jackson described Monday's announcement as a "significant milestone".
The deal follows K3's recent acquisition of Derby-based R&D tax credit specialists Randd 海角视频 Ltd in an 拢11.6m agreement.
K3 said the merger will help it build a more diverse professional services group with enhanced capabilities in restructuring, corporate finance, tax advisory, forensic accounting and expert witness services.
Mr Jackson, who also joins the K3 board as an executive director, said: 鈥淭his is a significant milestone for both K3 and Quantuma. The combination of high quality businesses will provide an independent and compelling proposition in the mid-market.聽
鈥淒emand for Quantuma鈥檚 services is already high and we anticipate this gathering pace as the government withdraws its Covid-related financial support.
"Becoming part of a listed plc will enable us to take on more significant mandates and provide greater access to larger corporates, both at home and overseas.
鈥淭his is very much business as usual for Quantuma. We will continue to develop our cross-border capabilities and are in advanced talks with a number of lateral hires to further strengthen our 海角视频 team.鈥澛
Established in 1998, K3 is a multi-disciplinary professional services firm providing advisory services to SMEs.
It quoted on AIM in 2017 and has seen its market capitalisation more than double in the last three years.
John Rigby, CEO at K3, said: 鈥淥ur strategic vision is to鈥 develop a鈥 group of high performing businesses offering a range of 鈥痗omplementary advisory services 鈥痶o SMEs and their stakeholders.鈥
鈥淨uantuma has developed a strong brand and has an impressive growth 鈥痵tory. We鈥檙e delighted to be working alongside the firm鈥檚 like-minded and entrepreneurial 鈥痵enior leadership team.
"Together, our 鈥痠ntention is 鈥痶o continue to invest in the group to enable us to drive organic growth by leveraging our client acquisition strategies, whilst also developing further revenue streams via a series of strategic鈥 acquisitions and lateral hires.鈥澛
