Business advisory firm Quantuma has provided financial and tax vendor due diligence to data centre owner and operator Amito on its minority investment from Harwood Private Equity.

The transaction, worth £38.7m, will enable the business to move forward with its ambitious plans for expansion.

Amito own and operate the largest, most efficient, and secure data centre in Reading, and deliver colocation services through a network of 20 facilities across the UK.

Harwood Private Equity is a leading investor in UK lower mid-market companies. Based in Mayfair, the firm has a portfolio including podcasting business Audioboom, vehicle insurer Tradewise Insurance Services and eyewear brand Inspecs.

Ed Butler, CEO at Amito said: “We are delighted to have successfully secured investment from Harwood Private Equity and are keen to realise the next phase of our growth strategy. We are pleased to have had Quantuma supporting us throughout the process.”

Managing director Jonathan Thornton led the transaction services team at Quantuma.

Jonathan Thornton said: “Amito has created a strong foundation for growth and in Harwood has found the ideal partner to help take it to the next stage of its development. I look forward to seeing how Amito progresses with this new support. I’m also very pleased to have completed our first vendor due diligence just 18 months after starting our transaction services practice.”

You can read more about Amito here: https://www.amito.com/

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Notes to Editors Quantuma is a leading business advisory firm which works with businesses at the key milestones, delivering bespoke solutions to help clients take advantage of opportunities and overcome a range of operational and financial challenges, enabling them to achieve their business objectives and ambitions. The business has 21 offices, including 17 in the UK, two international offices in Cyprus (Nicosia and Paphos), one in Mauritius and one in The Cayman Islands.