Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / K3 Capital Group acquires Quantuma in £42m deal

K3 Capital Group acquires Quantuma in £42m deal

Mon, 03 Aug 2020 | BUSINESS SALE



Professional services company K3 Capital Group has acquired Quantuma Advisory in a deal worth up to £42 million. Through the acquisition, Bolton-based K3 hopes to bolster its capabilities such as restructuring and corporate finance, as part of its broader aim of expanding its professional services businesses. The acquisition comes as demand for restructuring, insolvency and business advisory services increases rapidly due to the impact of COVID-19.

The deal involves an initial £26.95 million payment, via a combination of cash and shares, with an additional maximum combined earnout of £15 million and an additional 645,513 growth shares.

The acquisition is K3’s second in the space of six weeks, following its deal for randd UK in June. At the time, the company raised £30.5 million to fund that deal and future acquisitions.

Since its founding by Carl Jackson in Southampton in 2013, Quantuma has grown to become a business with turnover of £23 million, 250 staff across 17 UK locations, including Manchester, Bradford, Birmingham and Nottingham, and presences in Cyprus and Mauritius.

K3 chief executive John Rigby said: "We believe that Quantuma is an excellent fit for the group and will play a significant part in helping us achieve our strategic aim of building a wider group of growing and complementary professional services businesses.”

"In particular, we consider the corporate recovery and insolvency market to be a highly desirable market by virtue of its counter-cyclical nature.”

"Quantuma is a fast growing, professionally managed, and diversified corporate recovery business which has increased its turnover from £11 million to £23 million over the last three years and we believe that with the benefit of K3's marketing capabilities, the Quantuma business can be scaled significantly."

Quantuma Chief Executive Carl Jackson, who joins the K3 board as an executive director, says that the combined companies “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.”

“In addition to the merger being a strategically strong fit, we believe that 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."


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Provider Of Risk Compliance Management Solutions
Midlands, UK Wide

A highly reputable business operating for over 16 years. Offers a variety of building risk compliance management services, including fire and legionella risk assessments, as well as asbestos surveys. Has developed distinguished, first-party risk comp...

Asking Price: Offers Invited
Turnover: £3,200,000

LEASEHOLD


Financial Compliance & Operational Risk Consultancy
UK Wide

Circa 40 active clients, all of whom provide regular, repeat business. Strong management team. Operated from ideally situated leasehold premises. Our clients are offering the business for sale to facilitate the Managing Director’s retirement. Offers...

Asking Price: Offers Invited
Turnover: £1,100,000

LEASEHOLD


Legal Firm
UK Wide

Successful business operating for over 170 years. Provides a comprehensive range of specialist legal services including probate and estate administration, as well as community care, residential conveyancing and commercial property solutions. Offers i...

Asking Price: Offers Invited
Turnover: £852,788

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS

According to the most recent Red Flag Alert research from Be...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
20
 
Jan
 

Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE

Modular space leasing business Modulaire Group has announced...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
07
 
May
 

Sigma Dynamics purchases Manchester software business out of administration | BUSINESS SALE

Sigma Dynamics has acquired the Dynamics 365 Finance and Ope...

 
19
 
Sep
 

K3 'still open to takeover talks' | BUSINESS SALE

Despite having announced that it has abandoned sale talks, K...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.