Regulatory consultancy Medius joins Elixirr's financial services practice

04 May 2018 3 min. read
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In response to increasing market demand, rapidly growing consultancy Elixirr has completed its second acquisition with a deal for Medius. The regulatory consultancy will bolster Elixirr’s financial services practice, with the firm’s founder and a team of consultants joining the wing.

UK-headquartered consultancy Elixirr is one of the fastest growing firms in Europe, having recently recorded a revenue of €21.5 million, at a growth rate of 424%. In order to maintain the company’s explosive growth, Elixirr has commenced a campaign of targeted acquisitions, in order to boost its momentum through inorganic means.

Having previously not committed to a single large transaction in its company history, Elixirr has completed a second acquisition in six months with the purchase of regulatory consulting firm Medius. After picking up design agency Den in October 2017, this time Elixirr has completed a targeted purchase aimed at strengthening its financial services practice.

Part of the deal was the fine cultural fit between the duo of firms. Elixirr and Medius are both founder led, and are committed to fostering an organisational spirit of entrepreneurialism – a point which Elixirr often emphasises as a point of differentiation between the firm and the traditional consulting market. The firm also points to the recently agreed strategic partnership with Kaizen to create a transaction reporting solution as an example of this.

Regulatory consultancy Medius joins Elixirr's financial services practice

Medius’ team of experienced industry practitioners boast diverse backgrounds across regulatory bodies, tier 1 financial institutions and innovative RegTech providers. While terms of the transaction have not been disclosed, the deal will see Vaughan Edwards, Director and Founder of Medius, and a team of consultants joining Elixirr as a result of the deal, strengthening the firm’s regulatory control and remediation services for clients, and taking its financial services practice headcount to fifteen.

Barry Lewis, Partner, who leads Elixirr's financial services business, said, “We’re delighted to welcome Medius. We are all about the quality of our people – our talent bar is very high… As one team, we can now offer professional advisory services with practical operational support.”

Vaughn Edwards, who has 25 years’ experience in financial services regulation, added, “We’ve had a strong relationship with Elixirr since the early days of Medius and Barry and I have known each other since we worked together at Credit Suisse. I know we share the same values and passion for helping financial institutions with practical, actionable advice, and the Elixirr platform will allow us to do so much more for our clients. We’re all very excited about what we can achieve together.”

Commenting on the arrival of the new members in Elixirr’s financial services team, meanwhile, Stephen Newton, Founder and Managing Partner of the firm said, “I am delighted to welcome Vaughan and his team to Elixirr. The value they can add to the work we do for our clients is clear. This is a pivotal stage in Elixirr’s growth – we’re very ambitious together as we continue working towards our vision: to build the best consulting firm in the world.”