Catax, an expert in specialist tax relief, has acquired Granted Consultancy, a grant funding and consultancy firm.
The size of the deal was not disclosed. Following the close of the deal, Granted’s team of 30 will remain with the firm.
Based in the UK, Granted helps clients secure funding opportunities to bolster innovation through end-to-end services, including grant writing consultancy, grant project management, research and development (R&D) tax credits and grant training.
Since it was founded in 2010, the company has secured over £200m and serves over 200 clients each year.
Catax helps companies and commercial properties uncover hidden value through capital allowances, research and development, remediation of contaminated land and the patent box tax reliefs.
The company is headquartered in Manchester and has over 120 in-house experts, including surveyors, tax technicians, accountants, report writers and case managers.
Speaking on the deal, Granted managing director Tom Kennard said, “Our team is honoured to join Catax and Ryan’s grant funding and R&D tax credits team.
“As a global leader in this space, it makes sense to harness our knowledge and expertise to work together for the betterment of our clients. From a workplace culture standpoint, Catax and Ryan are a perfect fit for our team to serve our clients and grow their careers.”
Catax is owned by Ryan, a global tax services and software provider. It was acquired by Ryan in March 2022 to help strengthen Ryan’s R&D global market position, access new service offerings in the UK and expand the firm’s scientific research and experimental development (SR&ED) practice in Canada.
In other tax related FinTech news, Thomson Reuters recently closed the acquisition of SurePrep, a tax automation software and services firm, for $500m in cash. Reuters had previously signed an agreement to acquire the California-based SurePrep back in November 2022.
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