Baker Tilly sells RSM Tenon insolvency practices to Quantuma
Baker Tilly sells two RSM Tenon practices to Quantuma - the firm of ex-RSM Tenon head of restructuring Carl Jackson
QUANTUMA RESTRUCTURING has bought two former RSM Tenon practices.
Quantuma has bought the RSM Tenon insolvency arms in Marlow and Brighton from its new owners Baker Tilly which includes all business and assets from both offices including staff and caseload.
Former RSM Tenon head of restructuring Carl Jackson created Southampton-based Quantuma Restructuring alongside fellow ex-RSM Tenon partners Paul Goddard and Kelly Mitchell.
As part of the deal Quantuma has inherited partners Peter Hughes-Holland, Frank Wessely and Chris Newell.
Carl Jackson (pictured), partner said: “When I launched Quantuma I wanted to provide an independent restructuring offering to businesses and individuals in the South. With the opening of the Marlow office we are able to expand our coverage in this region and continue to grow the business.
“The recruitment of Peter, Frank and Chris, along with the rest of the Marlow office represents a significant step forward in the firm’s development and I very much look forward to working with the Marlow team again.”
Jackson stepped down from RSM Tenon in September 2012, succeeded by Chris Ratten.
Tenon acquired Bentley Jennison in 2010 for £76m creating RSM Tenon. However, the firm struggled: in 2011 it restated its accounts after the discovery of accounting discrepancies. The firm then had to post a £71m loss, with CEO Andy Raynor and chairman Bob Morton stepping down.
The firm then announced it was in merger discussions with Baker Tilly with a decision to be announced in September, however, RSM Tenon was bought by Baker Tilly via a pre-packaged administration.