M&A Deal Summary

Atom Acquires Grasp

On March 8, 2016, Atom acquired information technology company Grasp

Acquisition Highlights
  • This is Atom’s 1st transaction in the Information Technology sector.
  • This is Atom’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-03-08
Target Grasp
Sector Information Technology
Buyer(s) Atom
Deal Type Add-on Acquisition
Advisor(s) Muckle (Legal)

Target

Grasp

Gateshead, United Kingdom
Grasp (UK) Ltd. is a digital design agency that specializes in designing and developing user interfaces and other applications for the banking industry.

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Buyer(S) 1

Buyer

Atom

Durham, United Kingdom

Category Company
Founded 2014
Sector Financial Services
DESCRIPTION

Atom is a provider of digital bank services that offers mortgages and savings, alongside secured business lending for small and medium-sized enterprises. Atom was founded in 2014 and is based in Durham, England.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1