Chaucer has merged with Virtrium Consulting in a transaction that creates one of the largest independent end-to-end digital transformation consultancies in the UK.
The deal was structured and executed with support from private equity firm GCP.
Virtrium was established in 2006 and specialises in IT strategy, architecture and transformation services across financial services, consumer and public sectors. The founding partners of Virtrium will move across as part of the deal, joining the Chaucer senior leadership team.
The combined Chaucer Group will have circa GBP35 million of revenue and more than 250 consultants across the UK, Europe and North America.
Christopher Laslett, CEO of Chaucer, says: “I am delighted to welcome Virtrium to the Chaucer family. Together we are ideally suited to help transform how our clients think, work and change to truly deliver value from digital technologies and data. I’d also like to thank GCP for their hands-on support in structuring and executing the deal.”
Alex Thomson, Investment Director, GCP, says: “The transaction is a strong statement of ambition to create an independent consulting business of scale. Virtrium brings additional specialist IT capability to the Chaucer Group and there is a fantastic cultural synergy between the two businesses. We were delighted to support the Chaucer team in executing the transaction and it complements the excellent organic growth the business has achieved.”
