DEALS & MERGERS
PwC acquires tech start-up
Accountant PwC’s deals and forensics practice has acquired the assets of Kusiri, a technology start-up which provides a forensic data search platform used to discover fraud and for compliance screening. Six people from Kusiri have
joined PwC’s forensics team. PwC used Kusiri’s platform
for its RADAR service - an ‘early warning system’ which allows PwC clients to manage a broad spectrum of risks including financial, regulatory, compliance and reputational. The latest acquisition
follows a series of recent deals and partnerships where PwC has invested in new relationships, businesses and platforms which disrupt markets and support clients in different ways, including Booz & Co, Logan Tod, Diamond, Mokum and Paragon. Andrew Gordon, Deals
Partner and Business Unit Leader for Forensics at PwC, said: “Kusiri provides a forensic search technology platform to financial institutions and professional services. It aligns with our desire to put technology at the forefront of what we do.” Mark Anderson, Global
Corporate Intelligence Leader at PwC, said: “We have a long working relationship with the Kusiri team and we’re delighted it has joined us.”
Seated (L-R): Gavin Whitehouse (formerly CK) Ade Cheatham and Jeremy Chapman (PKF CP) Ross Cocker (CK), and standing: Joe Bates (CK) Danny Parker (PKF CP)
Merger really adds up
Midlands accountancy and business advisory firm PKF Cooper Parry has completed a merger with Birmingham-based Clement Keys. Combining the two firms has
‘This demonstrates that we are ambitious for growth’
created the largest independent firm of chartered accountants in the region, says PKF Cooper Parry’s CEO Ade Cheatham. He said: “We have ambitious plans for growth in the Midlands and will be looking to quickly expand our Birmingham presence in terms of team numbers and expertise. “We have immediately strengthened the partner
team, with five new partners across audit, tax and corporate finance.” The newly-merged firm is trading as PKF Cooper
New partnerships are in motion
Fleet management firm Total Motion is driving partnerships in automotive technology, events and the media. For its business clients, it is working with fleet
software specialist Jaama to install software to let managers track the use of vehicles and ensure they are properly and safely maintained. Simon Hill, Managing Director at Total Motion, said: “Managing risk, maintaining vehicles and ensuring that drivers are completely compliant when it comes to health and safety is a challenge that constantly faces fleet managers and Jaama’s software has allowed us to ensure our clients are aware of the safety risks.” The firm has also announced sponsorship deals with two
other Leicester firms – Niche magazine and K Kong Events. Working together, the three firms hope to support one another and encourage other local firms to do the same to promote Leicester. Jenny Cross, owner and Editor of Niche magazine, said:
“Having Total Motion on board is a fantastic collaboration and we’re looking forward to many great years ahead.”
12 business network February 2016
Shane Whitfield of K Kong, Simon Hill of Total Motion and Jenny Cross of Niche magazine
Parry and has a combined revenue of £30m and a team of more than 350 people across its two offices in the East and West Midlands. Ade said: “This exciting
development demonstrates that we
are ambitious for growth and determined to be seen as the adviser of choice for privately owned business.” Joe Bates, Managing Partner at Clement Keys, said:
“Clement Keys and PKF Cooper Parry are delighted to have joined forces. “We have spent a number of years growing our
market share and so has PKF Cooper Parry. Bringing the two firms together now broadens our services to businesses in our region and strengthens our position in the marketplace.”
Racegoers can tuck into fine street food
Family gourmet street food firm Big Daddies Diner will be running the snack bar at Leicester Racecourse's Grandstand from early this year. The move is the latest deal agreed
by General Manager Rob 'Racing Rob' Bracken, who took the helm at the leisure venue two years ago. Known for his love of food and
knowledge of catering on a large scale, Rob has been instrumental in modernising Leicester Racecourse. This latest reform is being hailed
as a chance for Rob to introduce some extra flavour to proceedings. Rob said: "What we loved about
Big Daddies Diner was that it is something a little bit special for Leicester, a step away from the standard offering at other racecourses. Our aim is to exceed every visitor’s expectations and the food is no exception.”
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