Glasgow-based firm Quantuma has completed a £26.95 million merger with K3 Capital Group.
The move will create an independent global advisory practice and will help AIM-listed K3 build a more diverse professional services group with enhanced capabilities in restructuring, corporate finance, tax advisory, forensic accounting and expert witness services.
Quantuma expanded into Scotland earlier this year following another merger with WRI Associates. Originally founded in 2013 in Southampton by Carl Jackson, the business now has 250 staff across 17 locations with an annual turnover of £23 million.
As part of the deal, Jackson will join the K3 board as an executive director.
Ian Wright, managing director at Quantuma, said: “This 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.
“Demand for Quantuma’s 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.
“This 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 UK team.”
John Rigby, CEO at K3 Capital Group plc, said: “Our strategic vision is to develop a group of high performing businesses offering a range of complementary advisory services to SMEs and their stakeholders.
“Quantuma has developed a strong brand and has an impressive growth story. We’re delighted to be working alongside the firm’s like-minded and entrepreneurial senior leadership team. Together, our intention is to 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 acquisitions and lateral hires.”
