Business advisory firm Quantuma has completed the acquisition of Cayman Islands-based Alchemy, as the firm continues to develop its footprint in selected offshore financial centres.
Founded by Angela Barkhouse, a leader in the global asset recovery field, Alchemy is a firm dedicated to finding assets and recovering financial losses, making extensive use of tools including artificial intelligence, data visualisation and open source intelligence (OSINT), and combining them with experienced financial crime experts, forensic accountants and insolvency practitioners to achieve outstanding results for its clients.
The acquisition sees Quantuma expand its international presence in line with its strategic ambition to develop its cross border advisory capabilities and expand its service offering in selected offshore centres. The firm has been active in recent years, opening two offices in Cyprus in 2018 and agreeing a joint venture with Mauritius-based Thacoor Advisory in 2019.
Established in 2013 by Carl Jackson, Quantuma has grown to become a £23m turnover business, with more than 250 staff across 17 UK locations. The firm provides a full range of advisory services, including restructuring and insolvency, corporate finance, forensic accounting and pensions advisory.
Andrew Hosking, Head of International at Quantuma, said: “Our expansion into the Cayman Islands is a crucial first step to developing our global footprint in this key offshore financial centre, just as we have done in Europe and Africa previously. We will be working closely alongside Angela to expand our advisory capabilities and service range, as well as making use of the team’s outstanding expertise in asset recovery.”
Carl Jackson, CEO at Quantuma expanded: “We will be looking to replicate our success in Cyprus and Mauritius with our Cayman Island office and look forward to accelerate our cross-border capabilities as businesses across the globe look to rebound from the COVID-19 pandemic.”
Angela Barkhouse, Managing Director at Alchemy, said: “I am delighted to be joining Quantuma and look forward to establishing the firm’s brand in Cayman and further afield in the Caribbean. Global asset tracing is very closely aligned with the cross-border work which the firm’s restructuring and forensic accounting practices already undertake, and I am looking forward to working closely with colleagues in London, Cyprus and Mauritius to accelerate the firm's growth outside of the UK.”
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 20 offices, including 17 in the UK, two international offices in Cyprus (Nicosia and Paphos) and one in Mauritius.