Consilium advise Instinctive BI on sale to Version 1
Glasgow-based firm Consilium Chartered Accountants have provided corporate finance and tax advisory services to Instinctive BI as part of their recent sale to Version 1.
Data and business intelligence experts Instinctive BI – a long-standing client of Consilium – employ over 60 consultants across their UK offices in Edinburgh, Manchester and London. The deal represents Version 1’s fourteenth acquisition as the global technology and digital transformation provider continues its rapid expansion.
The deal sees Version 1 continue to grow its market presence and capabilities in the UK. Version 1 employs over 2,600 people across the UK, Ireland, Spain and India delivering digital, cloud, data and ERP transformation services.
Consilium plays a key role in Version 1’s acquisition of Instinctive BI
Commenting on Consilium’s role, Instinctive BI CEO Nicholas McFadden said: “The team at Consilium have supported us since our early days, providing not only excellent accountancy services but helping advise and guide us as we’ve grown over these past 6 years.”
“With Consilium’s understanding of our business and the relationships we’ve developed over our time working together there wasn’t even a decision to be made on who was best placed to support us through the transaction”
Founded in Edinburgh, Instinctive BI works with clients across the public and private sectors providing solutions and resources to solve data change challenges. Discussing the deal, McFadden continued: “We have seen no let-up in demand for our services for several years now, testament to the work that our team does for our clients every single day. In Version 1 we have found the right partner to support and accelerate our ambitious growth plans to meet this demand.”
Accelerating Instinctive BI’s growth
Consilium Chartered Accountants have supported Instinctive BI through a full range of compliance, business advisory, tax and payroll services.
Consilium Corporate Finance Partner Linzi Wilson said: “We are delighted to have had the opportunity to support Nicholas and the Instinctive BI team on this deal. The company has grown significantly since 2016 and the acquisition by Version 1 will only accelerate that further.”
Consilium: supporting business owners and entrepreneurs
Consilium Chartered Accountants are a firm of independent accountants and business advisors providing Audit, Accounting, Corporate Finance, Cloud Accounting, Tax and Payroll services to business owners and entrepreneurs.