By Powerscourt on 29/04/2024

Powerscourt supports Kin+Carta on its £239m acquisition by Valtech

Powerscourt is pleased to have supported Kin + Carta, the international digital transformation (“DX”) company, on its acquisition by Valtech, the BC Partners-backed experience innovation company.

Kin + Carta has been a client of Powerscourt for over five years, during which time it has transformed through M&A in to a high-quality business, led by a strong team with a reputation for providing innovative digital transformation service to a blue-chip roster of clients. The Board of Kin + Carta were advised on the acquisition by Elly Williamson, Head of TMT at Powerscourt, and Pete Lambie.

Valtech and Kin + Carta are highly complementary business in terms of their geographic presence, service lines, vendor relationships and regional industry strengths. Their combination will create a geographically diverse digital leader, providing a broader suite of services, technology vendor relationships and end-market capabilities. The combined Group’s breadth and scale will offer a unique combination of accelerated growth, a global platform of shared functions and service delivery and greater resilience in a sector where scale matters.

Valtech’s recommended proposal to acquire Kin + Carta was announced in December 2023, following a proposed acquisition by Apax Partners initially announced in October 2023.

Elly Williamson, Head of TMT at Powerscourt, said:

“It has been a pleasure to work with John, Kelly and Chris over the last few years, seeing them continue Kin + Carta’s growth journey as an industry leader in the Digital Transformation sector. Their combination with Valtech and the multiple proposals to acquire the business over the last year are testament to the quality  and hard work of the Kin + Carta team.

“The acquisition of Kin + Carta builds on our strong experience in advising both corporates and acquirers in M&A situations, which has recently included advising Francisco Partners on its acquisition of Blancco Technology Group, Molten Ventures on its acquisition of Forward Partners and advising EIR’s parent Carraun on its investment in Belgian telecommunications company Proximus, alongside adding new clients such as Nanoco to our retained roster.”