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Kelway Holdings Ltd

Kelway, the UK’s leading mid-market IT reseller, has acquired Panacea Services Ltd. The seal is Kelway’s third acquisition since Core Capital invested in the business in 2006 and creates a combined business with revenues in excess of £140 million.

The acquisition of Panacea will further strengthen Kelway’s position as one of the fastest growing IT resellers, and will enhance their established strengths in product consultancy and lifecycle solutions.

Baker Tilly’s Corporate Finance team advised on the deal structure and undertook the acquisition due diligence process including looking at some of the ongoing tax structures for the combined group.

“We utilise Baker Tilly for Audit, Tax and Corporate Finance. Their in-depth knowledge of our business proved invaluable in enabling us to complete a very complicated transaction.”
Craig Compton, Financial Director, Kelway (UK) Ltd

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