Double Diamond Delivery

Acquirer: Spherica Business Solutions

Spherica Business Solutions has completed the acquisition of a majority stake in technology consultancy Double Diamond Delivery. This strategic transaction aims to facilitate Double Diamond's growth and enhance its service offerings within the rapidly expanding digital transformation, AI, and automation sectors.Summary of transaction details:Value: UndisclosedSector: Technology Consultancy / IT Managed ServicesAdvisor: KBS Corporate (Will Griffiths)Key Entities: Double Diamond Delivery (Target), Spherica Business Solutions (Acquirer)Location: Bath, UK (Target); Birmingham, UK (Acquirer)Note: This acquisition is structured as a partnership, allowing Double Diamond Delivery to retain its operational autonomy and leadership while benefiting from Spherica’s investment and broader capabilities. This move secures Double Diamond's future, expands its market reach, and strengthens both entities' positions in delivering advanced technology solutions.

Acquirer: Spherica Business Solutions

Spherica Business Solutions has acquired a majority shareholding in Bath-based technology consultancy Double Diamond Delivery, in a transaction advised by Will Griffiths of KBS Corporate.Summary of transaction details:Value: Not disclosedSector: Business Services / technology consultingAdvisor: Will Griffiths, KBS CorporateKey Entities: Double Diamond Delivery, Double Diamond Recruitment, Spherica Business Solutions, Olly Lock and Kay RileyLocation: Bath, UK; acquirer based in Birmingham, UKNote: The transaction is positioned as a strategic partnership, with Olly Lock remaining as Double Diamond’s CEO and both Double Diamond entities continuing to operate within the Spherica group to support digital transformation, AI and automation demand.