Knight Corporate Finance completed another transaction advising Pragma on the acquisition of Techland to create The EnableX Group.
The group comprises three marketing brands – Pragma, Candio and Techland.
The new group will be led by chief executive Will Morey, former chief commercial and marketing officer of Pragma, chief financial officer Dean Mayer, chief executive and investor of Techland, while Tim Brooks, chief executive of Pragma, becomes chief commercial officer.
The transaction was led by David Middleton and Paul Billingham of Knight Corporate Finance, supported by Emma Burn.
Paul Billingham, Director of Knight Corporate Finance, said: “It is great to be involved in this transaction and I look forward to seeing the next leg of the journey for Pragma Group and EnableX. Congratulations in particular to Tim Brooks, Will Morey and Dean Mayer.
This is the 151st successful transaction for Knight Corporate Finance.
Financing for the acquisition was provided by Boost & Co which was also introduced by Knight. K3 Tax, which like Knight is part of K3 Capital Group plc, advised on tax matters.
Demonstrate the value for Knight of being part of a larger group after it was sold to K3 Capital Group plc last year.
Knight Corporate Finance advises companies and entrepreneurs in the technology and telecom sector on financing, acquisition and exit strategy.
Founded by Adam Zoldan and Paul Billingham in December 2008, Knight Corporate Finance, part of K3 Capital Group plc, has completed over 150 transactions from its offices in London and Warrington.