The Panoply adds Ameo to public sector bow

About Ameo

Ameo is a consultancy specialising in delivering business change, with a strong focus on the public sector. It has been working with businesses for over 10 years seeking to deliver long-lasting, cost-effective change across a wide range of areas, from financial reporting and process design to digital innovation. Their ethos is to seek to work as a partner with its clients in order to develop sustainable solutions and improve the skills of its clients’ teams. In the year to 30 October 2019, Ameo reported a revenue of £6.9m and pre-tax profits of £1m.

About TPXimpact Holdings

TPXimpact is a world-class creative technology group, assembled for innovation. Configured as a lean, fluid and ego-free family of complementary tech-focused companies, they collaborate with brave organisations to ensure their participation in tomorrow, and beyond. TPXimpact floated on the AIM index of the London Stock Exchange in December 2018, creating a group of digitally-native technology services companies assembled to meet the needs of the fourth industrial revolution.

About the deal

The Panoply is buying Ameo for an effective purchase price of £7m to be satisfied through a  combination of cash and shares, and the total consideration capped at £9.2m. Ameo will sit neatly alongside the capabilities embedded in two of The Panoply’s other public sector-focused acquisitions, Notbinary and FutureGov.

Our work

We acted as financial adviser to The Panoply on their acquisition of Ameo.