Livingbridge's Catalyst merges with Sionic

A spokesperson for the GP declined to comment on the structure of the deal, though they said the transaction involved a £30m equity cheque.

According to a statement, the deal will create a consolidated business with a turnover of around $60m, a headcount of around 300 and a presence in North America, Europe and Asia.

The transaction comes 18 months after Livingbridge acquired Catalyst and 14 months after the business bolted on asset and wealth management business Knadel. The GP is invested in Catalyst via Livingbridge Enterprise 2, a £220m vehicle that closed in 2015.

The merger was led by Livingbridge's US-based team, which was launched 17 months ago to support portfolio companies' expansion plans in the US market.

Company
Headquartered in Jersey City, Sionic Advisors provides consultancy to the financial services sector. Its areas of focus are financial crime and compliance, client lifecycle management, regulatory and compliance control, finance and operations transformation, enterprise risk management, technology, and market and credit risk.

People
Livingbridge – Pete Clarke (partner).
Catalyst Development – Andrew Middleton (CEO).
Sionic Advisors – Craig Sher (co-founder, CEO).

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