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Year capped with big deal

Record year for boutique adviser Quest

quest-corporateQuest Corporate, the Edinburgh-headquartered boutique corporate finance advisory firm, has posted a record year, capped by one of the biggest deals in the fintech sector.

Yesterday saw the acquisition of portfolio company Vermilion by Nasdaq-listed FactSet Research Systems.

London-headquartered Vermilion is the market leader in client reporting software to the asset management industry and the deal represents one of the largest fintech deals recorded in the UK this year.  

Employing more 70 people across three continents, Vermilion serves 70% of the global asset management industry.

Stuart Mitchell, director, Quest Corporate said: “Quest led the historic fundraising activity, helped shape the strategic direction of the company, delivered geographical expansion and supported the rapid scaling of revenue and infrastructure.

“This activity ultimately led to the successful sale of the Vermilion to FactSet. We continue to see significant growth opportunities for UK based Technology companies, especially those with a fintech focus.”

Quest advised on the July Series-B financing round of pureLiFi, the Edinburgh-headquartered leader in the global LiFi sector, which was led b Singapore sovereign fund Temasek. 

Quest was founded in 2000 and has a team of eight. In the past year it has advised on more than 11 deals with a cumulative value in excess of £100 million. 

Marcus Noble, director, said: “The scale and international make-up of the deals we have advised on in 2016 illustrates that Scotland and UK-based companies must increasingly look outside this country for the investors who can help to support their next phases of growth.”

Photo: Marcus Noble, Scott Carnegie and Stuart Mitchell



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