K3 Capital Group plc acquires Knight Corporate Finance Group and Knight R&D
London, Wednesday 7th July, 2021 – Telecoms and technology corporate finance firm, Knight Corporate Finance Group and research & development tax consultancy Knight R&D have been acquired by multi-disciplinary professional services group K3 Capital Group plc (“K3”). The deal ensures complete continuity for the 2 entities who will continue to trade with the same teams, brand and location. The Founders and key staff are remaining in the business and are also being incentivised over the same period as part of the transaction, demonstrating our long-term commitment to delivering a quality service to our clients.
Knight Corporate Finance was established in 2008 by Adam Zoldan and Paul Billingham and quickly established itself as a leading provider of advisory services to entrepreneurs and owner managed businesses in the telecoms & technology sector having completed over 125 transactions since formation. In 2016 Knight R&D was formed with Rupert Mayo to support companies on R&D tax incentive claims and provides services to companies from start-up to the largest corporates across all industry sectors. 2021 saw the launch of Knight Transaction Services, led by Hayley Brightmore offering flexible, bespoke due diligence services to acquirers, investors, and funders.
During this time, the group has grown to over 30 employees in its Warrington and London offices with turnover in excess of £5m. Following the acquisition, the Knight Corporate Finance Group of companies will continue to be led by its founders and operate independently within the K3 group.
Rupert Mayo, co-founder of Knight R&D commented “the opportunity to join a larger and more diverse group of companies with all the associated advantages, yet with the freedom to continue to deliver our services with our unique approach, is extremely exciting.”
Paul Billingham, co-founder of Knight commented “When we were approached by K3 about the potential transaction and met with John Rigby (Chief Executive Officer) and Andy Melbourne (Chief Financial Officer), it was immediately apparent that we were dealing with like-minded entrepreneurs who shared many of our business values.
“It was crucial for us to work with a business that supported our growth plans, to continue to develop and reward our team and ensure we were able to provide the level of service that our clients expect. This is a ‘best of both worlds’ deal that retains Knight’s existing management team, whose core values will remain steadfast, whilst allowing us to benefit from the resources and infrastructure of a larger organisation”.
Co-founder Adam Zoldan added “This deal is an incredibly exciting opportunity to accelerate our growth plans and reward our team for their hard work and loyalty. However, for our clients, it is strictly business as usual. Paul, Rupert and I have committed to continue leading the business, and we are looking forward to driving Knight forward as part of K3.”
John Rigby, CEO of K3 said “We are delighted to welcome Knight to the K3 Group. Knight has a great team and a unique approach to the market with a particular vertical market expertise. There is cross-over with existing K3 business, but we see the Knight brand as highly accretive and it will continue to be led by Adam, Paul and Rupert to ensure it retains its unique client proposition both in corporate finance and R&D.
Transaction structure includes a mix of cash, shares and a 5 year earn-out for the Founders
About Knight Corporate Finance
Knight CF was founded by Adam Zoldan and Paul Billingham in December 2008 with the specific aim of advising businesses and entrepreneurs in the technology and telecoms sector. During this time it has completed over 125 transactions from its offices in London and Warrington. https://www.knightcf.com/ https:www.knightts.com
About Knight R&D
Knight R&D was founded by Rupert Mayo, Adam Zoldan and Paul Billingham and is focused on advising SME clients on research & development tax credits, providing a range of services that support R&D claims in numerous sectors, including technology, construction & food & beverages. Based in London and Warrington, the company works with organisations across the UK.
About K3 Capital Group
K3 Capital Group plc is a multi-disciplinary professional services firm providing advisory services to SMEs, with operations throughout the UK and overseas. Trading subsidiaries include KBS Corporate, KBS Corporate Finance, Knightsbridge Commercial, Quantuma, and raand.
K3 Capital Group trades on the London Stock Exchange (AIM: K3C.L), having listed on 11 April 2017. Please visit www.k3capitalgroupplc.com for more information.