2023

Year

Sell-side

Transaction Type

Healthcare

Sector

Gemserv

Client

Talan Group

Acquirer

Gemserv | Talan Group

finnCap Cavendish, part of finnCap Group plc, is pleased to announce it has advised on the sale of purpose-driven professional services firm Gemserv, to Talan, an international technology-led consulting group. The acquisition marks a significant moment in Gemserv’s journey to become the go-to advisory firm in the movement towards energy and digital transition. The deal will double the size of Talan’s UK operations and provide Gemserv with the increased scale and capabilities required to accelerate growth.

Founded in 2002 by the UK’s leading energy suppliers and electricity network companies, Gemserv was set up to manage and facilitate the opening of the electricity market to competition. More recently, management has diversified both the service offering and industry verticals to tackle today’s social and environmental challenges.

The Business provides a range of technology-led consultancy and outsourcing capabilities including programme management, market design and governance, cyber security and digital transformation. Gemserv holds social change and sustainability at the heart of its operations; it is a B Corp, is IIP Gold accredited and a Financial Times Leading Management Consultancy for 2021 and 2022. Its purpose is making things that matter work better for everyone.

Advisers to Gemserv were finnCap Cavendish (Corporate Finance) and Osborne Clarke (Legal).

Alex Goody, Gemserv’s Chief Executive Officer, commented:

“I’m delighted that Gemserv is joining the Talan group of companies.  Talan’s model is highly entrepreneurial and offers synergies and growth potential, including opening exciting international opportunities in the areas we seek to make a difference. Talan are 100% behind our strategy and we will continue to support our existing clients – like those in energy code governance – as well as further growing out across new sectors and services. Having an aligned shareholder with a consultancy growth track record allows Gemserv to bolster its capability and increase focus on combining energy and digital expertise. Importantly, being part of a bigger group of companies with similar values means we can offer greater career development and progression opportunities for our people.”

“The Cavendish team did a great job of running a competitive process to establish the best transaction options available for our stakeholders. They were instrumental in delivering the Talan deal and were a pleasure to work with.”

Andrew Jeffs, Partner at finnCap Cavendish, said:

“We thoroughly enjoyed working with the Gemserv team who were at an exciting inflexion point. Joining forces with Talan gives them even more scope to positively impact society. The deal is another example of finnCap Cavendish’s expertise within consultancy and professional services space and is the most recent of a string of deals that have ESG and social purpose at their core”.

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Key Contacts

Andrew Jeffs

Partner & Head of Business Services

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Mark Kingston

Partner, Head of Human Capital M&A

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Elliott Jeans

Associate Director

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Ellen Hudson

Associate

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