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New Deal


Announced

Rosenblatt Group acquired Convex Capital for £22m.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.5x
EV/EBITDA5.11x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Management Consulting

corporate finance

United Kingdom

Single Bidder

financial advisory services

Pending

Private

Friendly

Private Equity

Synopsis

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Rosenblatt Group, the professional services group, acquired Convex Capital, a specialist sell-side corporate finance boutique, based in Manchester, UK, for £22m. "Convex is an exciting and successful business, which shares with Rosenblatt a focus on high-margins and cash generation. Like Rosenblatt, it is an entrepreneurial company with a proven ability to create markets where none have existed. We also share a similar client base, often working with entrepreneurs. We have had the pleasure of working with Mike and the Convex team over several years and know there is a strong cultural fit between the two organisations. There is a considerable market opportunity in terms of cross-referrals of business between Rosenblatt and Convex, as well as the opportunity to expand our regional presence." Nicola Foulston, CEO, Rosenblatt.

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