Digital transformation consultancy Kin + Carta has been acquired in a deal worth £239 million.

Rival Valtech, backed by private equity firm BC Partners in 2021 in a deal which valued it at £1.4 billion, has finalised the strategic acquisition. Both are headquartered in London.

Valtech said the deal would enable it to ‘better support Fortune 500 and household-name brands looking to meet changing consumer expectations, build strong technology foundations and drive sustainable growth through world-class experiences’.

“Valtech’s vision has always been to become the world’s most influential experience innovation company. This acquisition marks a pivotal moment in achieving that,” said Olivier Padiou, CEO.

“By bringing Kin + Carta’s extensive expertise and client roster into the fold, we enter a new and exciting era. 

“This means helping brands set new standards with intelligent and personalised experiences, powered by data and AI, that touch lives, grow businesses, and change how people experience the world.”

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The transaction, valued at £239m, is funded by a combination of shareholder equity and external debt and sees Kin + Carta delisted from the London Stock Exchange. 

Kelly Manthey, Kin + Carta CEO, will become CEO of Valtech Americas and Chris Kutsor, Kin + Carta CFO, will take the role of Valtech Americas CFO, both effective immediately. They will also join Valtech’s executive committee.

Manthey added: “As two purpose-driven companies, it felt natural for Valtech and Kin + Carta to join forces.

“With clear cultural alignment, complementary capabilities, and a shared vision for our industry, we are much stronger together. 

“Our clients and technology partners will see the immediate benefits of a better, broader range of services. Our people will benefit from expanded career opportunities.”

The transaction will bring Valtech close to delivering $1 billion in revenue. 

Kin + Carta’s sizeable footprint in the US and UK, alongside its Latin America and South East Europe delivery centres, further strengthens Valtech’s presence in critical growth markets and adds 1,900+ consultants, engineers, and data scientists to its 6,000-strong global team.

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