Gambit Corporate Finance has been awarded ‘International Deal of the Yeat’ for its role as lead advisor to Trusted Data Solutions sale of its Voice Compliance Practice to LDC-backed Kerv.
The rebranded Kerv Communications Compliance Practice provides mission-critical communications compliance services to major global financial services organisations including 50% of the Tier 1 UK banks with 140,000 channels of compliance recording and more than 3 billion captured calls under management globally.
The acquisition will strengthen Kerv’s existing proposition and capabilities around all aspects of compliance and will take the total Kerv business to over £60m turnover and more than 500 staff and create the leading compliance technology practice serving the UK’s Tier 1 banking and financial services sector.
Gambit Corporate Finance acted as lead advisor to the shareholders of TDS Global Communications Compliance Practice on negotiating, structuring and managing the transaction. The Gambit team was led by Geraint Rowe (Partner) and Sam Forman (Director).
Sam Forman, Director at Gambit commented:
“TDS, Brad and Paul have created a market leading service provision which is integral to Tier 1 banking organisations across the globe. The Communications Compliance Practice will significantly enhance Kerv’s capabilities in FCA regulated compliance services and ensure and assure compliance across all channels, including mobile, Microsoft Teams, Zoom and Symphony together with social media and messaging platforms.”
“This successful outcome is a testament to Gambit’s deep Software & IT Services sector knowledge and experience in delivering M&A advisory services. The transaction also indicates the level of M&A activity in SITS sector at present, with significant levels of appetite from well-funded acquirers such as Kerv for quality assets in the UK mid-market.”
Acuity Law provided legal advice to the shareholders and its team comprised of Rachelle Sellek and Chiara Howfield.