Quantuma advises Momentum ITSMA on acquisition of Grist Limited
Business advisory firm Quantuma advised Rockpool Investments-backed Momentum ITSMA to provide financial due diligence on their acquisition of thought-leadership services provider, Grist Limited.
Momentum ITSMA enables ambitious companies to achieve market-beating performance by winning, growing and retaining their most valuable client relationships. The transaction was a strategic acquisition to grow Momentum’s suite of services.
This is the second financial due diligence project the Quantuma team has completed this year to support Momentum ITSMA and Rockpool.
The transaction was delivered by Quantuma’s Corporate Finance team led by managing director Mark Lucas, with support from managers Duncan Moore and Tom Egan.
Tax due diligence was provided by the K3 tax advisory team comprising managing director Holly Bedford and tax manager Paul McFarlane.
Ollie Taylor, investment manager at Rockpool Investments, said: “We were very pleased with the support Quantuma provided us, identifying the key issues early on and working in a focused and efficient manner. The team provided invaluable support and we look forward to continuing to work with the Quantuma team in the future.”
Mark Lucas, managing director at Quantuma, said: “We are delighted to have supported the Momentum ITSMA management team to complete the acquisition, ensuring the fulfilment of the company’s expansion strategy.”