pwrteams OÜ acquired Questers Resourcing Limited and Questers Bulgaria EOOD from TPXimpact Holdings plc (AIM:TPX) for £7.5 million on September 18, 2023. TPXimpact has disposed of the entirety of its equity interests in Questers for cash consideration of £7.5 million. Of this amount, up to £5.0 million will be used to repay borrowings, with the remainder used to fund investment and growth. For the year ended 31 March 2023, Questers generated £13.1 million of revenue and £1.3 million of Adjusted EBITDA. Gross assets were £7.6 million. Fred Walsh and Ben Burnett of Stifel Nicolaus Europe Limited acted as financial advisor and joint broker to TPXimpact Holdings plc. James Serjeant and David Poutney of Dowgate Capital Limited acted as Joint Broker to TPXimpact Holdings.

pwrteams OÜ completed the acquisition of Questers Resourcing Limited and Questers Bulgaria EOOD from TPXimpact Holdings plc (AIM:TPX) on September 18, 2023. Hamish Perry, Konecná & Zacha, Caroline Young, Robert Birchall of Charles Russell Speechlys LLP acted as legal advisor to Nortal.