A leading North East-based data and technology business is looking forward to an exciting future, following a deal brokered by award-winning business and tax advisory firm Evolution.
The ambitious accountancy practice, which has just joined forces with one of the UK’s leading independent accountancy firms – the Baldwins Accountancy Group, facilitated an agreement which has resulted in Newcastle-based Datatrial – a company which specialises in the clinical trials sector across the globe – being sold to a private equity investor in the USA, for an undisclosed fee.
Since the beginning of this year, Evolution’s Newcastle-based Corporate Finance Director, David Bell, has been working in close partnership with Datatrial’s CEO, Dr Emma Banks, to negotiate the complex cross-border transaction.
Speaking about the deal, Dr Banks, said: “Our intention is to grow our client base and our workforce in the coming years and this investment will secure those opportunities for us.
“This complicated transaction has been completed because of the teamwork between Datatrial and the skill and diligence of David and his team.”
David Bell added: “This is the first transaction Evolution’s Newcastle team has completed and we are delighted to have got the deal over the line.
“Working on a cross-border deal, involving a plethora of advisers, working against the clock and dealing with different time zones, was certainly a test.
“Datatrial is precisely the sort of growing business the Evolution team specialises in dealing with and we look forward to helping them with their expansion plans in the coming months.”
For more information on the influential practice, which provides business accounting, auditing, taxation and corporate finance services, please visit: http://www.evolutionllp.com/
Twitter – @evolutionllp