MHA acts as reporting accountants on the transition of AdvancedAdvT Ltd to the AIM Market
January 12th 2024
MHA acts as reporting accountants on the transition of AdvancedAdvT Ltd to the AIM Market, the company having acquired five software businesses from Capita plc in 2023, while listed on the Main Market.
AdvancedAdvT Limited (LSE:ADVT), previously an acquisition vehicle listed on the Main Market of the London Stock Exchange has joined the AIM market as part of its organic and acquisitive growth strategy. With a focus in the software sector and having acquired five software businesses from Capita plc. In June 2023, the business seeks further mid-cap acquisition opportunities.
The Group’s strategy is centred around backing sectors characterised by long term digitisation trends, that are in early stages of adoption and set to transform the workplace for professionals for the next few decades. Embracing a long-term perspective, the aim is to build a lasting and thriving business. This thinking shapes how investment is deployed on both M&A and within the platform businesses, to develop relationships with clients and partners and with a strategy centred around business and digital transformation and continuous improvement.
Vin Murria, ADVT Chairperson, commented:
"Our strategy is centred around backing sectors characterised by long term AI, digital transformation, data analytics and business intelligence trends, that are in early stages of adoption and set to transform the workplace for professionals over the next few decades.
We aim to build a lasting and thriving business by deploying capital on both M&A and within the platform businesses. We are actively pursuing opportunities where a blend of management expertise, enhanced operational performance, increased investment capital, and a targeted approach to acquisitions can enable growth and value creation for stakeholders.
We are already making good progress with the recently acquired platform businesses and with some £97.9 million of cash and assets and our experienced management team, are well positioned to exploit the numerous opportunities in the rapidly growing and evolving AI and digitally led landscape."
The MHA team led by Corporate Finance Partner and Transaction Services Leader, Rob Dando, and Head of Capital Markets, Robin Stevens, delivered specialist reporting accountants’ services to ADVT to facilitate the transition to AIM.
“Our knowledgeable and experienced capital markets team team have completed another successful transaction for one of our emerging clients. It has been exciting to work on this transaction and to assist the ADVT team, and to work alongside our fellow advisers to achieve this transition to AIM. Our MHA capital markets team has a wealth and depth of experience on each of the London markets, and overseas, and we look forward to continuing to support the ADVT team with their ongoing expansion strategy.”
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