Spanish asset manager Alantra has agreed to acquire Catalyst Corporate Finance, a UK-based corporate finance advisory business, in a £30m deal.

Catalyst has three offices in London, Birmingham and Nottingham, offering M&A and debt advisory services to corporates, business owners and financial investors. The firm employs 40 corporate finance professionals.

The deal, which is subject to shareholder and regulatory approvals, will expand Alantra’s presence to 21 countries across Europe, US, Asia and Latin America.

Following the takeover, Catalyst will be rebranded as Alantra UK. As part of the deal, 15 of Catalyst partners will become shareholders in the combined entity.

Alantra executive chairman Santiago Eguidazu said: “The UK is the most important M&A market in Europe and, as such, for a number of years we have had the strategic target to strengthen our M&A and debt presence in the country. We are extremely happy to have fulfilled this ambition by partnering with Catalyst, a firm that shares our values, has a strong leadership, and the same ambition of developing a highly specialized and truly global service for our mid-market clients.”