Jersey-based boutique KIT Consulting merges into Elixirr
In its second deal this year, Elixirr has welcomed the team of KIT Consulting, a boutique financial services consultancy based in Jersey.
Since launching four years ago, KIT Consulting has worked for a number of financial services clients on topics including strategy, management, transformation, and sustainable finance.
Now part of Elixirr, KIT Consulting will become the Jersey branch of the UK-headquartered management consultancy, lifting its office footprint to seven worldwide.
With KIT Consulting on board, Elixirr will be able to grow new and existing relationships with clients based in the Channel Islands, and in other offshore finance centres that have a link with Jersey-based operations.
The bolt-on will bolster the firm’s financial services capabilities. Elixirr’s Founder and CEO Stephen Newton said: “The team at KIT Consulting bring a wealth of experience – their core expertise, combined with a forward-thinking, innovative approach to sustainability and transformation will be a huge value-driver for our clients.”
As part of the move, KIT Consulting’s Founder and CEO Emiko Caerlewy-Smith (an alumnus of Barclays, Lloyds Banking Group and PwC) will join Elixirr as a partner. Her colleagues Jane Flemmer and Amy King will cross as a Principal and Manager, respectively.
“With 20 years of financial services and consulting experience, Emiko will be an asset to the team. As a founder herself, she brings the entrepreneurial mindset that I seek in all of my partners,” said Newton.
The acquisition is the sixth for Elixirr since its inception in 2009. In the UK, the consultancy previously acquired Den, Medius, Coast Digital and Retearn, while in the US, Elixirr earlier this year bought technology consultancy iOLAP.
Commenting on KIT Consulting’s new chapter, Caerlewy-Smith said, “We have been following Elixirr’s phenomenal journey for the past few years with great interest, and I’m delighted that we are now a part of it. We cannot wait to experience the energy, quality and collaboration of our new colleagues at Elixirr.”
Elixirr is listed with AIM on the London Stock Exchange. The firm’s share price currently trades at £7.30 per share, up over 7% since the deal was announced this morning and more than three times the price when the firm went public in the summer of 2020.
