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K3 Capital Group, which works with UK accountancy firms through its Randd, Quantuma, K3 Hub, and JE Consulting brands, has announced the completion of its acquisition by an affiliate of Sun European Partners, LLP.
According to K3, the acquisition will benefit clients and employees by providing further investment in its existing businesses and driving growth through new technologies and additional resources.
The acquisition will in turn also provide K3 the access to capital that will enable it to continue its diversification through the acquisition of synergistic and complementary businesses.
K3 Capital Group appeared on the London Stock Exchange’s Alternative Investment Market in 2017 after seeing significant growth as it expanded from a business sales advisory firm operating out of a single office in Greater Manchester with under 100 employees, to a multi-disciplinary and complementary group of professional services business advising SMEs throughout the UK and beyond.
The group currently employs over 600 people across 30 offices in seven countries and has seen revenues grow from around £10m at initial public offering to roughly £85m in the current financial year.
John Rigby, CEO of K3 Capital Group, said: “Being a PLC has helped to build this company from a business sales advisory into a fast-growing professional services group. Our success is testament to our employees, clients, partners, and investors, and we now feel that this is the right time to take the next big step in our ongoing growth journey.
“Through partnering with Sun European’s team, K3 is poised to accelerate its growth in ways that were not previously attainable and will prove to be an excellent opportunity for our businesses and employees to become the best at what we do. I am excited to get started on this next phase of our story!”
