Gambit Corporate Finance leads acquisition sale

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Gambit Corporate Finance Acts as Lead Advisor in Sale of Communications Compliance Practice Business of TDS Global Holdings to Kerv

Trusted Data Solutions (TDS), the leading expert in legacy data management, has sold its communications compliance practice to Kerv.

New brand Kerv Communications Compliance Practice provides critical communications compliance services to leading global financial services organisations, including 50% of UK Tier 1 banks with 140,000 compliance record channels and over 3 billion calls caught under management worldwide.

The company employs 40 people based in Europe, Asia and North America with headquarters in London and a 24-hour global service operations center in Cardiff. With an annual turnover of over £10 million, the firm continues to win new clients at a brisk pace, achieving a growth rate of 20% over the past financial year and expecting to exceed this growth in the next the current period.

The acquisition will strengthen Kerv’s existing proposition and capabilities around all aspects of compliance and bring Kerv’s total revenue to over £60 million and over 500 employees and create the leading technology practice compliance service to the UK Tier 1 banking and financial services industry. Current leadership of the Communications Compliance practice, including CEO Brad Gorton and Chief Strategy Officer Paul Wilson, will join Kerv in leadership roles, working closely with the Kerv Collaborate leadership team, which has already a strong presence in banking and financial services. market. Additionally, Kerv plans to retain all practice staff and will continue to invest in the business to continue its growth trajectory.

Gambit Corporate Finance acted as lead advisor to the shareholders of TDS Global Communications Compliance Practice in the negotiation, structuring and management of the transaction. The Gambit team was led by Geraint Rowe (Partner), Sam Forman (Director), Nick Gallagher (Executive) and Lloyd Evans (Analyst).

Brad Gorton, Managing Director of Kerv Communications’ New Compliance Practice, added:

“We are excited to join the Kerv team, bring new capabilities to all of our customers and help them accelerate their journey to digital channels and the cloud.”

Sam Forman, Director at Gambit commented:

“TDS, Brad and Paul have created a market-leading service offering that is an integral part of Tier 1 banking organizations around the world. The Communications Compliance Practice will significantly enhance Kerv’s capabilities in FCA-regulated compliance services and ensure and ensure compliance across all channels, including mobile, Microsoft Teams, Zoom and Symphony, and media platforms. social and messaging.

“This success is testament to Gambit’s deep knowledge and experience in the software and IT services industry in providing M&A advisory services. The transaction also indicates the level of M&A activity in the SITS sector at present, with significant levels of appetite from well-funded acquirers such as Kerv for quality mid-market assets. British.

Acuity Law provided legal advice to shareholders and its team included Rachelle Sellek and Chiara Howfield.

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