Consulting M&A Weekly Round-up (29th to 4th February, 2023)

by | Feb 6, 2023 | 0 comments

Welcome back to another weekly round-up of consulting M&A news from all around the globe. In today’s post, we will talk about all the deals that were made during the week gone by. Big companies such as Deloitte, Accenture, and Roland Berger have all made some good acquisitions. We shall look at that and a lot more. So, let’s get into it!

#1. Deloitte adds 27pilots to start-up and corporate venturing capabilities

Deloitte has strengthened its start-up and scale-up capabilities by acquiring 27pilots, a German incubator, venture capitalist, and matchmaker.

27pilots, a Munich-based company which was founded in 2018, gained notoriety in Germany for its assistance in helping BMW create and manage its “Startup Garage,” which, in 2019, was one of the country’s first significant internal corporate venture units. San Francisco, Tel Aviv, Shanghai, and five other cities have welcomed Startup Garage since its debut. At present, 27pilots works for a host of corporates, including Bosch, Holcim, and Siemens, as well as mid-sized and family-owned businesses.

With the acquisition of 27pilots, Deloitte will be able to better support its base of start-ups and scale-ups with a comprehensive suite of services, including incubation and growth, technology, infrastructure, and venture capital solutions.

#2. Accenture buys Paris and New York based consultancy Bionest

Accenture has strengthened its life sciences capabilities through the acquisition of Bionest, a Paris and New York-based management consulting firm with roughly 50 employees.

Bionest, which was founded in 2003 in Paris, is a management consulting firm committed to assisting biopharma companies in areas such as market entry, regulatory, go-to-market and commercials, operating model design, and partnerships, with a particular emphasis on the precision medicine, diagnostics, oncology, cell & gene therapy, and rare disease segments.

With the addition of Bionest, Accenture seeks to extend its capabilities and assist its clientele in bringing treatments to patients more quickly and efficiently.

#3. Private equity business Mobeus invests in HR consultancy LACE Partners

Mobeus, a private equity firm, has announced a large investment in the HR consulting firm LACE Partners. Aaron Alburey and Cathy Acratopulo, co-founders of LACE, stated that it will “supercharge” the company in anticipation of rising demand for strategic HR services from organizations across all industries.

LACE Partners, which is a boutique consulting firm, specializes in HR transformation, change management, and technology advisory services. In recent years, LACE has experienced fast expansion as a result of firms’ increased reliance on consultants to help them acquire and retain the labor required for success in light of the tightening labor market.

Commenting on the investment, an official stated that Mobeus is overjoyed to work with LACE Partners in enhancing capabilities including HR-spanning strategic advice and delivery.

#4. Roland Berger adds team of German restructuring consultancy Candidus

Roland Berger has bolstered its restructuring and performance improvement skills in its home market of Germany with the temporary acquisition of Munich-based consultant Candidus.

Candidus, a management consulting firm founded in 2003, specializes in a variety of services, including operations management, finance, and restructuring. The award-winning company serves medium-sized businesses.

Roland Berger’s acquisition of Candidus will help the firm expand its restructuring and turnaround consulting services.

#5. Copley Equity Partners invests in Triton Environmental Consultants

Triton Environmental Consultants in Vancouver has received funding from Denver-based private equity company called Copley Equity Partners.

Triton Environmental Consultants, which was founded in 1989, has offices in British Columbia, Alberta, Saskatchewan, Ontario, and Nova Scotia. The company specializes in wildlife and fisheries services and provides environmental consultancy for infrastructure projects in the power, oil and gas, mining, transportation, agriculture, and municipal development sectors.

Speaking about the investment, Triton’s CEO stated that a partnership with Copley will enable the firm to continue its growth across Canada and expand into the United States.

#6. UST buys Toronto-based IT consultancy Prodigy Labs

UST, a worldwide IT consulting organization based in the United States, has acquired Prodigy Labs, an IT consulting and staffing firm based in Toronto.

Prodigy Labs, which was founded in 2014, provides solutions in IT product advice, business process transformation, legacy modernization, mobile, project rescue, and data science to financial services businesses. Additionally, the company offers talent solutions for staff augmentation, customized workforce, and project teams.

The acquisition of Prodigy Labs by UST will enhance its digital transformation skills in the financial services industry and increase its presence in Canada, where it currently has an office in Vancouver.

#7. Davies acquires Chicago insurance specialist MVP Advisory Group

Davies, a professional services and technology firm based in London that serves the insurance and highly regulated industries, has acquired MVP Advisory Group, a Chicago-based boutique management consultancy that specializes in property and casualty and life and health insurance clients.

MVP Advisory Group, which was established in 2012, assists insurance companies with underwriting, policy administration, claims management, customer experience, finance, compliance, data warehousing, data, analytics, human resources, and information technology. The consulting firm also provides expertise in transformational roadmaps, program management, quality assurance, data management, analytic and digital transformation, and data management.

The acquisition of MVP Advisory Group by Davies will increase its consulting division and U.S. activities. Moreover, MVP’s managing partners Russ Bostick and Donn Vucovich will continue to oversee the company, and all MVP employees will continue to work for Davies in their current capacities.

#8. Morgan Stanley’s private equity arm acquires environmental consultancy Apex

Morgan Stanley Capital Partners, the financial services’ private equity arm, has acquired a majority stake in environmental consultancy Apex Companies from Sentinel Capital Partners.

Apex, which is headquartered in Rockville, Maryland, has more than 1,100 specialists in 50 offices across the country. The company offers advice services in the fields of water infrastructure and resources, compliance and assurance (including ESG advisory), health and safety, transportation, and civil engineering. Apex serves clients in the energy, industrial, manufacturing, real estate, retail, and telecommunications areas.

The acquisition sees Morgan Stanley Capital Partners accelerate its strategic growth pursuits in water, environmental, infrastructure, and ESG.

#9. Other consulting M&A deals

  • PrimeGlobal adds Qatar-based Salem Taleb Efaifa to its network.

Closing Thoughts

And that’s a wrap for this week! Thank you for reading. If we missed any deals, then please write to use and let us know. And like always, we will be back again next week for another consulting M&A weekly round-up. Until next week, see ya!

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