Magma Corporate Finance advises on sale of Seaton Partners
18 August 2021
Magma Corporate Finance is pleased to have advised on the sale of technology consultancy Seaton Partners to Big Four accountancy firm, EY.
Seaton Partners has one office in the East Midlands, employs 39 people and has more than 25 active clients. They will be working together with EY Pythagoras to help businesses unlock the full potential of Microsoft technologies and better understand and anticipate their customers’ needs and drive measurable operational efficiencies.
Seaton Partners were advised on the sale by Mark Tuckwell, Shaf Bheda and Irfan Ashfak of Magma Corporate Finance, acting as lead advisors, with supporting tax advice provided by Magma’s Jon Kicks. Matt Worsnop and Michael Lam of BHW Solicitors led the legal advisory team.
Seaton Partners’ founder Adam Seaton said: “We are excited about joining a prominent organisation like EY. As we continue to build on our achievements over the last 10 years, the business of Seaton Partners coming into the EY organisation will enable us to offer clients further resources in enterprise resource planning (ERP) and support them on their digital transformation journey to success.”
Mark Tuckwell, Managing Partner of Magma Chartered Accountants, added: “It’s been a pleasure supporting Adam and the Seaton team. It has been a great team effort from our side, with Magma’s Corporate Finance, accounts and tax departments working together with BHW Solicitors to help deliver a positive outcome for the client. We all look forward to seeing where this acquisition takes Adam and Seaton Partners next on their exciting journey.”