Business advisory firm Quantuma has completed a merger with AIM-listed K3 Capital Group for an initial consideration of £26.95 million, to create an independent global advisory practice. The merger will help K3 to build a more diverse professional services group with enhanced capabilities in restructuring, corporate finance, tax advisory, forensic accounting and expert witness services.…

Metro Bank has announced that it has agreed to acquire peer-to-peer lender RateSetter. RateSetter was founded in 2010 and is the UK’s most popular peer-to-peer lender with over 750,000 people having invested or borrowed through the platform. In its financial year ending 31st March 2019, the company reported revenue of £33 million, a pre-tax loss…

JBW Group has announced that Phoenix, JBW and Collect Services have merged together to form a single company, CDER Group, with the combined aim of delivering ‘Fairness in Operation’ across the collections and enforcement industry. Nick Tubbs, Chief Executive said: “I am absolutely delighted to have achieved this important milestone in our company’s history and…

Financial advisory company, Begbies Traynor has announced that it has acquired a portfolio of 503 Scottish personal insolvency cases and a team of five fee earners, from Grant Thornton in a deal thought to be worth £500,000. The acquisition will increase the group’s existing operations in Scotland, which provide corporate and personal insolvency together with…

Quantuma has announced it will acquire Manchester-based specialist insolvency and advisory firm Bell Advisory following a period of significant growth in Manchester. Bell Advisory has two team members, Gary Bell (founder) and Paul Llewellyn, both of whom will join the business advisory firm as restructuring and insolvency director and manager respectively. Bell Advisory will operate…

An in-depth investigation by the Competition and Markets Authority (CMA )has found that payments company Bottomline’s purchase of Experian Payments Gateway does not raise competition concerns. Bottomline and EPG provide payments software used by businesses to submit direct debits, make payroll payments and pay suppliers. This software allows customers of both companies to make payments…

Dun & Bradstreet has announced that it has completed the purchase of Coaction.com an end to end receivables management platform The acquisition expands Dun & Bradstreet’s portfolio of finance solutions, helping clients automate credit-to-cash processes. The company says the move means Dun & Bradstreet, clients will now benefit from a growing portfolio of data and…

Business advisory firm Quantuma has completed a merger with Scotland’s leading independent insolvency provider WRI Associates. The acquisition will see Quantuma take on WRI’s office in Glasgow, headed by partner, Ian Wright, and its 8 members of staff. The firm will operate under the Quantuma brand. WRI is an insolvency and restructuring practice, providing independent…

Aon has agreed to acquire Willis Towers Watson for almost £22.9 billion in an all-stock deal to create one of the world’s largest insurance brokers – a combined value of around $80bn. The company will be called Aon and will retain its operating headquarters in London. Upon completion, existing Aon shareholders will own approximately 63%…

Salary Finance has completed the acquisition of od Neyber. The acquisition creates the UK’s largest employee financial wellbeing platform. Salary Finance will now serve 500 client partners and reach 3 million employees. The client combined portfolio includes 15% of the FTSE 100 and many household name employers, such as BT, Dixons Carphone, Virgin Active, Co-op,…

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