Monday 8 April 2019 12:01 am

Catalyst sets its eyes on further expansion after £30m merger

London-based management consultant Catalyst is set to take a step across the pond, in a £30m deal which will give it access to the North American market.

The firm said this morning it will merge with Sionic Advisors, with offices in New York and Toronto plus eight other cities in Europe and Asia.

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Management heralded the “perfect match” which it said is set to transform both companies, catapulting revenue to $60m (£46m).

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“Sionic has highly regarded expertise in our core banking market, enabling us to scale our delivery of complex assignments for clients worldwide, and a lead position in the US and Canada,” said Catalyst chief executive Andrew Middleton.

However this is only the beginning for the group, said Pete Clarke, a partner at Catalyst’s private equity backer Livingbridge. He said it “will continue to grow rapidly and target further strategic acquisitions.”