London, United Kingdom – Technology Holdings, a global investment banking firm with offices in the Americas, Europe and the Asia-Pacific, is pleased to announce that it has acted as the exclusive financial advisor to Magnetic, a leading design and innovation specialist headquartered in the United Kingdom, on its strategic sale to Newton, an ICG portfolio company.
Founded in 2002, Magnetic blends human-centred design and innovation to transform organisations, design award winning products and services and build capabilities. With a sharp focus on digital innovation, Magnetic specialise in crafting immersive brand experiences that resonate with audiences across various platforms. From strategic consulting to digital product design and development, Magnetic leverages cutting-edge technology and design thinking to drive impactful results for their clients across various sectors. With a team of 70+ professionals spread across its locations in the United Kingdom, Magnetic has positioned itself as a leading design and innovation specialist for blue chip brands.
“We are thrilled to have supported the Magnetic shareholders on the transaction with Newton. This represents Newton’s first acquisition since investment from PE fund, ICG, and the addition of ‘tip-of-the-spear’, innovation capabilities mimics many of the other major consultancies that have also brought these skills in-house through M&A. Meanwhile, the deal represents a fantastic example where the cultural fit felt as strong as the strategic fit, and we are delighted to have helped close a transaction with the natural home for the Magnetic team. We are excited to follow their journey with Newton over the coming years,” said Bruce Green, Director, United Kingdom at Technology Holdings.
Vivek Subramanyam, Founder and CEO of Technology Holdings added, “We are excited to have closed this key deal with Newton – our 25th Consulting deal. This deal highlights Technology Holdings’ focus on the strategic consulting market, along with the broader Digital Services arena, with our expertise extending across every facet of the industry. We wish Magnetic much success in this strategic partnership with Newton.”
Find out more about this transaction here.