Dartmouth Partners acquires Pure
Dartmouth Partners has acquired Pure in a deal backed by Literacy Capital plc.
Pure, which focuses on sectors including tax, legal, risk & compliance, has been led by Chris Nelson and Charles Ferguson for the past 20 years. It has grown to have offices in London, New York, Berlin, Hong Kong and Singapore, with the shareholders looking at how best to maximise the potential of the business in the future.
Dartmouth Partners specialises in corporate finance, investment banking, private equity and wealth management. It was founded in 2012 by Logan Naidu and while also headquartered in London, has offices in Paris and Frankfurt. Literacy Capital invested in Dartmouth in June 2018 to support Dartmouth expand its proposition and footprint.
Since last year, Dartmouth has expanded its presence in permanent and interim roles. It has also launched in legal and distribution. As a result of increased investment, Dartmouth has grown more than 30% year-on-year despite broader political uncertainty. Literacy Capital is a private investment fund set up in 2017 whose Chairman, Paul Pindar, was also a founder of Capita plc in 1987. He helped to take this business from a valuation of £330,000 to £8.5 billion by the time he retired in 2014.
As a combined business, Dartmouth Partners expects the business to continue going from strength-to-strength. The businesses complement each other well and the partnership will also allow more significant investment to grow both brands further. Logan will become Group CEO and continues to look for further acquisitions.
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