Grant Thornton advises Celaton on investment from tech entrepreneur

16 June 2021 2 min. read

Grant Thornton’s UK corporate finance team has advised software firm Celaton on a new investment deal. The Milton Keynes-based company has become the latest recipient of funding from technology entrepreneur Vin Murria.

Commenting on the move, Gina Gray, Commercial Director of Celaton, said, “Celaton software is transforming the way that organisation’s handle their inbound information streams and as a result we've attracted an enviable high profile customer base. Our sights are firmly set on expanding our offering even further.”

Celaton was founded in 2004 by Andrew Anderson and Gary Grant, and has since grown to a team of more than 20 professionals. It boasts a number of blue-chip customers including e-commerce brand ASOS, retailer Dixons Carphone, telecoms group TalkTalk and consulting firm Capgemini, which tap into its Intelligent Document Processing platform, inSTREAM, to receive consistent and measurable business technologies to processes such as accounts payable, sales order processing, customer correspondence and claims.

Grant Thornton advises Celaton on investment from tech entrepreneur

The new transaction sees entrepreneur Vin Murria partner with growth capital investor BGF – which has supported the business for a number of years – to purchase a stake, while Celaton’s existing individual shareholders have exited the business. Murria is known as a serial investor, with more than 25 years of venture capital, private equity, M&A and CEO or operational experience in the software sector. The founder and CEO of Advanced, she is also a technology specialist, and currently sits on the Board of a number of Technology centric businesses including Softcat Plc and SVB UK.

Murria remarked, “Celaton is a disruptive software business with an experienced management team and a supportive investment partner in BGF. I’m looking forward to working with both parties and Jim Chase one of my excellent Advanced colleagues to set out a clear plan for growth and realise the ambitions of this exciting, innovative business.”

During the deal, Celaton was advised by professionals from Grant Thornton. Mike Hughes, Corporate Finance Director at the consulting and accounting firm, was assisted by Associate Director Tom Grant, while national law firm Shoosmiths also advised the Celaton shareholders on the transaction.

Speaking on the transaction, Hughes reflected, “We are really pleased to have supported Celaton, a long-standing client at the cutting-edge of the computer software sector, achieve this outcome. We are confident in its future prospects as the business benefits from the excellent market knowledge, connections and additional resources Vin Murria will deliver alongside BGF.”