A.T. Kearney opens Palo Alto office, 2nd in California

13 June 2014 Consultancy.uk

A.T. Kearney has opened a new office in Palo Alto, California. The office, the firm's second location in the San Francisco area and 59th worldwide, will focus mainly on clients in the high tech and online sector.

The new office opening follows the hiring of four technology partners in the San Francisco Bay Area in the fall of last year. Alex Blanter, Clarence Chen, Chris Richard and Mark Holman were all poached from rival PwC, where they were part of the PwC PRTM service line. Together they will manage the new office in Palo Alto. Mark Holman has formally been appointed as the Managing Director.

A.T. Kearney - Palo Alto

''A.T. Kearney has a long history of serving clients in Silicon Valley. We are delighted to reaffirm our commitment to the region and high tech sector''says Daniel Mahler, who leads A.T. Kearney’s America region. Holman adds: ''Silicon Valley companies are continually pushing the boundaries in their industries. A.T.Kearney has the depth of industry-specific knowledge and innovative, collaborate capabilities to help our clients transform their organizations. We are excited to help write the next chapter in the high tech growth story.''

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Grant Thornton advises on deal for high-growth cloud hosting firm

08 April 2019 Consultancy.uk

Grant Thornton’s North West Corporate Finance team has completed its first TMT deal of 2019. The professional services firm advised the shareholders of Hosted Desktop UK on their investment from specialist SME lender Beechbrook Capital.

Technological disruption and changing consumer behaviour have continued to affect top Technology, Media & Telecommunications (TMT) players in recent years. The industry has seen revenues border on stagnation over the past decade, at 0.4% annual growth since 2008. While the industry is keen to develop new digital services and models to meet market challenges, they face a range of barriers – meaning the recruiting of talent specialising in innovative software and technology has become a key goal for the industry.

Amid this, Hosted Desktop UK (HDUK) provides cloud computing services to small and medium sized businesses across the UK. The firm’s cloud solutions provide businesses with IT reliability, flexibility, value for money and business continuity. As the firm bids to grow in the UK, with demand for its disruptive technologies high, HDUK has secured a key investment from specialist SME lender Beechbrook Capital.

Grant Thornton advises on deal for high-growth cloud hosting firm

The transaction was Beechbrook Capital’s maiden deal from its latest UK SME credit fund, which supports small and medium-sized businesses in the UK with EBITDA of £1 million and above. Manchester law firms Pannone Corporate (sell-side advice, led by Mark Winthorpe) and DWF LLP (buy-side advice, led by Jonathan Robinson) also advised on the deal, while Grant Thornton’s North West Corporate Finance team advised HDUK’s shareholders.

The deal represents the Grant Thornton branch’s first TMT deal of 2019, with a team comprised of Partner and Head of Corporate Finance Peter Terry, Manager Daniel Brecker and Assistant Manager Cariad Mudford advising HDUK shareholders on the investment. It is the third key deal in the TMT sector that the GT North team has advised on in the last 18 months, following the £16.5 million sale of Salford-based Sonassi to Iomart in December 2017 and NorthEdge Capital’s investment in Yorkshire company iPortalis in August 2018.

Grant Thornton’s Peter Terry said of the news, “As our domestic and working lives become ever-more technology dependent, it’s no surprise that there continues to be strong investor interest in any asset in the cloud computing, data infrastructure and connectivity space… We were pleased to work with Beechbrook Capital on the first deal in its new fund. It shows that despite the well-documented uncertainties in the economy there are still good funding options for dynamic SMEs and their management teams.”