PracticeAccounting FirmsVantis makes ‘French’ acquisition

Vantis makes 'French' acquisition

Vantis, accountancy's smallest and least know consolidator, has announced the acquisition of Essex-based insolvency firm Redhead French.

Link: Vantis makes £4m non-audit acquisition

In a deal worth £7.75m the firm will be known as Vantis Redhead French and will continue to operate out of its existing premises.

At the same time as the acquisition Vantis is to place an additional 2.2 million shares on the Alternative Investment Market at a price of 115p in a bid to raise £2.23m.

Paul Jackson, Vantis chief executive, said: ‘Redhead French strengthens and broadens the scope of our business recovery operation and will be integral to our strategy to significantly expand our presence in that sector. RF has an extensive and well established professional contact base.

‘To be able to announce at the same time the strengthening of our institutional shareholder base andour balance sheet is further evidence of the consistent implementation and delvery of our group strategy, our risk management and at the same meeting expectations.’

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

2d Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

4w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

2m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin