Financial Due Diligence

The Background

Chess ICT completed the acquisition of Silversands Limited in November 2024, adding a specialist Microsoft consultancy capability to the group. Silversands was described as an IT consultancy and Microsoft Certified Partner serving more than 100 enterprise and public sector customers, with a 29 person specialist team joining Chess.

Advice, Planning and Preparation

Evolution Capital acted as Chess ICT’s financial due diligence provider on the acquisition. Using the EC Analytics toolset, the team supported Chess with deeper insight into the trajectory and performance of the business, helping management assess value, performance and strategic fit with greater clarity.

Richard Btesh, M&A Director at Chess added:

“The Evolution team’s commercial insight andtechnical expertise provided us with a deep understanding of the business’s performance, helping set realistic budgeting expectations.”

A Successful Outcome

The transaction strengthened Chess ICT’s capability in Microsoft 365, Azure, Power Platform, on premise solutions and devices, and formed part of a wider period of acquisitive growth for the group. Sam Godfrey, Transaction Service Director at Evolution Capital, commented: 

“It was a pleasure to partner with Chess ICT as their Financial Due Diligence provider on the acquisition of Silversands, where our team utilised the EC Analytics toolset to provide Chess ICT with valuable insight into the trajectory and performance of the business. We are excited to be working with the Chess ICT team once again and look forward to the success we will achieve together.”

For more information on EC Ananlytics, our transaction services and financial due diligence support, please click here

‍