Convex has advised the Shareholders of Catax Solutions Limited, a research & development (R&D) and capital allowances tax reclaim specialist operating in the UK and Canada, on a sale to Ryan, a leading global tax services and software provider with backing from Onex Corporation.
Founded in 2009, Catax is a leading expert in specialist tax relief within the UK and Canada. Headquartered in Manchester, UK, and with further operations in London, UK, and Vancouver, Canada, Catax has more than 100 trusted specialists who assist clients with their tax relief claims. Since launching, more than 7,000 clients have benefited from more than £428M in claims, in the areas of research and development, capital allowances, the patent box, and remediation of contaminated land, and Catax has had a 99.99% success rate on all claims over the past three years.
The acquisition further strengthens Ryan’s R&D global market position, helping it to present new service offerings in the UK and expanding the Firm’s Scientific Research and Experimental Development (SR&ED) practice in Canada. The Catax and Ryan operations will complement each other immediately by broadening the services offered to existing clients.
“The Convex Team identified the perfect strategic buyer for Catax in Ryan and were exceptional at managing the transaction to a successful completion.”
Mark Tighe, CEO
