Seller: Critchleys
Buyer: Gravita
Type of deal: Acquisition
Sector: Accounting
Date: October 2024
Gravita is in the top 30 accountancy firms for growth businesses. It embraces a series of tech-enabled approaches with expertise in listed markets to offer huge benefits for growth businesses – providing success to the wider UK economy.
Critchleys is deeply rooted in the City of Oxford, but also plays a vital role in the wider Thames Valley business ecosystem and has done for over a hundred years. Over this time Critchleys has built up an impressive reputation.
The partnership combines Gravita’s expertise in life sciences and fast-growth businesses with Critchleys experience in charities, education and SMEs. This union expands the group’s specialisms across the UK.
This deal represents Gravita’s fifth acquisition since being backed by Tenzing in 2021. Buzzacott Corporate Finance has provided diligence and advised both Gravita and Tenzing over this period as part of their consolidation strategy. Having worked together on multiple transactions, the due diligence and transaction advisory services have been refined to provide a consistent and relevant product enabling clear decision making.
The transaction team was made up of James Wood and Stephen Byrne, overseen by Alex Judd.
The tax due diligence team was made of Kazia Kruszewski, led by Alastair McQuater.
The VAT Consultancy team was led by Kam Chauhan.
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