Gerald Edelman’s Deal Advisory team advises on the sale of Contacta
Gerald Edelman is delighted to announce that its Deal Advisory team has advised the shareholders of Contacta Group Holdings Limited (Contacta), a leading UK-based assistive technology company, on the sale to Systematic Growth, a Sweden-based investment company, via their Systematic Accessibility assistive technology group. Pricing and other deal terms have not been disclosed.
Contacta is a leading UK designer and manufacturer of innovative assistive technology solutions. Their extensive range of products and services creates an inclusive and accessible environment for those with hearing difficulties. Contacta was founded by the Thomas family in 1970, with Simon Thomas (2nd generation) taking over as Managing Director in 1987.
Through this acquisition, Contacta will join a wider assistive technologies group, Systematic Accessibility, backed by Swedish investment company, Systematic Growth. Contacta will receive strategic and operational guidance from Systematic Growth’s experienced team, whilst also benefiting from the sharing of resources and best-practices across the group.
Simon Thomas, Managing Director of Contacta, commented:
‘We are absolutely thrilled to have completed the transaction with Systematic Growth. As a company whose DNA is to make no compromise on precision, quality or performance, it was extremely important that this ethos would continue with our chosen investment partner. We strongly believe that we have found the perfect partner in Systematic Growth to enable Contacta to continue its journey, empowering customers by creating more inclusive environments.
It has been a pleasure working with the team at Gerald Edelman. Not only did their exceptional advice and negotiation skills ensure that an excellent deal and deal structure was achieved, I am also positive that their incredible hard work made the process run significantly smoother and enabled me and my team to focus on the day-to-day running of the business. For any business owners who are considering selling their business, I would highly recommend the services of Gerald Edelman.’
Jack Bettell, Manager in Gerald Edelman’s Deal Advisory team, added:
‘We are delighted to have advised Simon and the rest of Contacta shareholders on this successful transaction. The completion of this deal has demonstrated our team’s ability to deliver cross-border transactions despite the ongoing travel restrictions, while highlighting investors’ appetite for investing in UK assets. We are confident that, with the support of Systematic Growth, Contacta will continue to flourish, and we wish Simon and the team at Contacta every success with their ongoing journey.’
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About Gerald Edelman
Gerald Edelman was formed by the late Gerald Edelman in the 1940s and has established itself as one of the leading mid-tier firms in the UK.
Today, Gerald Edelman remains committed to business, thinking beyond Accountancy, delivering a wide range of financial and strategic business advice. Our philosophy and aspirations are to deliver genuinely exceptional experiences to clients and others.
Through Gerald Edelman’s business advisory and professional services (including accounts, audit and tax), we build real relationships with clients and deliver solutions that are unique and transformative. Bringing concepts to life and driving businesses forward.
Gerald Edelman is so much more than an accountant, which is why the business strives to break away from the term ‘accountant’. Thinking beyond compliance, it instead identifies itself as a ‘client’s first port of call’, to helping them think and grow beyond their limits.