Excelian Limited

Smith & Williamson acted as lead advisor to Excelian on its sale to Luxoft

Smith & Williamson acted as lead corporate finance adviser to Excelian Limited (“Excelian”), an award-winning Technology consultancy specialising within the Financial Services and Commodities sector, on its sale to Luxoft, a company listed on the New York Stock Exchange.

Excelian’s core expertise lies within specialist trading and risk management systems such as Murex, Calypso, OpenLink and a variety of high performance computing technologies, helping businesses to maximise efficiency, reduce risk and increase the speed of delivery by helping them to adopt better practices and more advanced systems.

The transaction enables Excelian, led by CEO Jeremy Ward, to support its growth plans and expansion in overseas markets particularly through growing its offshoring capability.

The Company’s client base of investment banks, hedge funds, asset managers, clearing houses, exchanges, corporate treasuries, insurers, energy and utility companies will be able to take advantage of a broader range of services and service delivery options while still receiving the same outstanding consultancy service combined with specialist technical expertise and in-depth business know-how.

Brian Livingston and Simon Beavis led Smith & Williamson’s Corporate Finance team on this transaction, which utilised the firm’s expertise in the technology sector. Adrian Marshall, Chairman and co-founder of Excelian said –“This is a great opportunity for the business to grow its capability and market penetration while continuing to provide a leading service to our customers. Smith & Williamson put up a strong team and played a crucial role in structuring a deal that recognises and rewards both the past and future for Excelian.”

Stephen Grant, Excelian co-founder added –“There were a number of difficult elements to this transaction which Brian Livingston and Smith & Williamson guided us through and were always available to offer support. Their technology sector experience was pivotal in securing a superb result for the business and its shareholders.”

Brian Livingston, Managing Director and Head of Mergers & Acquisitions at Smith & Williamson said – “We are absolutely delighted to have been able to work with the shareholders and management team on delivering this cross-border transaction. In what was a complex process, we were able to leverage our experience in both technology and international transactions to successfully complete this deal”.

For further information please contact:

Brian Livingston
Tel: 020 7131 4914
brian.livingston@smithandwilliamson.com

Stuart Goodman
T: 020 7131 4999
E: stuart.goodman@smithandwilliamson.com

Disclaimer
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

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Smith & Williamson is an independently owned professional and financial services group with over 1,700 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group has eleven offices; these are in London, Belfast, Birmingham, Bristol, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton.

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