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Catalyst Development acquires investment management experts Knadel

knadel catalyst

Catalyst Development, the specialist financial markets consultancy backed by Livingbridge, today announces its acquisition of investment management consultancy Knadel.

This marks the first in a series of planned strategic acquisitions by Catalyst, with the combined group forecast to almost double business revenues in the coming financial year. The acquisition follows our investment in October 2017

Knadel is a market-leading investment management consultancy, providing business and technology consulting across the full range of the investment industry. Since launching in 2009, Knadel has worked on circa 400 projects with over 120 different clients. With offices in London and Jersey, Knadel works with firms who have UK, European and global business models, supporting both onshore and offshore clients.

Catalyst specialises in regulatory-driven change, organisational improvement and talent development programmes for global financial markets firms. Since its foundation in 1994, Catalyst has worked with more than 70 clients in over 30 financial centres worldwide, including nine out of the world’s top 12 investment banks, and has mentored more than 250 of the most senior figures in financial markets. Catalyst holds the UK’s highest business accolade, The Queen’s Award for Enterprise, in recognition of the firm’s global impact.

Global banks spent about $30bn on consultancy fees in 2016, up from $17bn in 2008. Client demand for a specialist services consultancy that can operate across the buy-side and sell-side is significant.

 

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Commenting on the acquisition, Andrew Middleton, CEO at Catalyst, said:

“Our clients increasingly require ‘specialism at scale’: high levels of integrated expertise to tackle large, complex programmes of change. This deal will significantly broaden our offer across the full spectrum of financial markets. Catalyst has long-standing relationships with many of the world’s largest financial institutions and a strong reputation for excellence; Knadel have a remarkably similar profile with the investment management community. Together we share a values-based approach and a fundamental commitment to outstanding client service. We are delighted to be joined by the Knadel team and look forward to working together as one Catalyst group, focused on changing the financial sector for good.”

Paul Miller, founding managing director at Knadel said:

“Joining Catalyst makes perfect sense for Knadel; our skills, experience and culture are very complementary. Over the last nine years we have built a very successful business providing knowledge, advice and delivery to the investment & wealth management communities. Bringing together two specialist teams will allow us to extend our capabilities into new markets and provide additional services to our many clients.”

Paul Landsman at Livingbridge commented:

“Knadel is a fantastic addition to the Catalyst offering and kicks-off the acquisitive strategy we announced when we made the investment in Catalyst in October 2017. We continue to support management in identifying ways to grow the business both organically and through acquisitions as we help them in the next stage of their development.”

 

Advisors
Livingstone Partners: Alex John, Will Evans
Eversheds Sutherland: Ian Moore, Dan Shilvock, Charlotte Singh
Michelmores LLP: Ian Binnie, Harry Trick
Alvarez & Marsal: Adrian Balcombe, Rachel Copley
CIL Management Consultants: Alex Marshall, Tom Stevens
Stratton HR: Anna Cornwallis
Avendris: Mike Robb
Opus: Mark Speller, Craig Hassall
Debt facility provided by Lloyds Bank

 

 

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