Alantra to acquire Catalyst in £30m deal
Listed investment banking and asset management firm Alantra Partners is to acquire and merge with Catalyst Corporate Finance in a deal valued at around ТЃ30m.
Following the transaction, which is subject to regulatory approval and approval from Alantra's shareholders, Catalyst will be rebranded as Alantra UK.
As part of the transaction, 15 Catalyst partners and directors will take a shareholding in the listed acquirer, with further equity allocated for future partner and staff incentivisation.
The agreement includes a £15m cash payment and the transfer of 1.6 million Alantra shares, of which 16.7% are earmarked for the incentivisation plans. At the time of publication, Alantra shares were valued at €11.80 apiece.
The deal will increase Alantra's footprint in the UK and add M&A and debt advisory services to its existing equity capital market advisory services. The consolidated group will have a presence in 21 countries across Europe, the US, Asia and Latin America.
Catalyst has worked on around 100 transactions totalling more than £5bn in the last five years, according to a statement. The firm generated a turnover of £17m in the year ending in March 2017, a 29% year-on-year increase. The firm was founded in 1998 and has a headcount of 70 across offices in London, Birmingham and Nottingham.
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