Consulting M&A Weekly Round-up (3rd to 9th September, 2023)

by Laurent Thomas | Sep 11, 2023 | 0 comments

As we embark on another week in the dynamic realm of consulting mergers and acquisitions, there is an abundance of intriguing developments to explore. One standout occurrence is Accenture’s recent acquisition of a healthcare consultancy.

However, that’s just the tip of the iceberg. A couple of other noteworthy deals have also emerged on our radar. For those of us deeply invested in this field, it’s a constant source of fascination to witness the latest advancements unfolding right before us.

With no more delay, let’s delve into the details and unravel the recent happenings in this continually evolving sector.

#1. Accenture acquires Healthcare consultancy Nautilus

Accenture has completed the acquisition of Nautilus Consulting, and the financial details of the transaction remain undisclosed. This strategic move is poised to bolster Accenture’s prowess in digital transformation, implementation, and optimization within the healthcare sector, both in the UK and on a global scale.

Headquartered in London, Nautilus Consulting boasts a team of seasoned professionals hailing from diverse backgrounds, encompassing technical, managerial, and commercial expertise gained from extensive experience within the NHS and the private sector. This infusion of talent is expected to significantly enhance Accenture’s portfolio of strategic and operational consulting services, empowering their clients to effectively implement and optimize their digital solutions.

Simon Evans, the Managing Director at Nautilus, expressed his thoughts on the acquisition, saying, “For over a decade, Nautilus has remained steadfast in its mission to empower healthcare providers to extract maximum value from their digital investments. Given the escalating costs, resource constraints, and burgeoning demand, the time is ripe for us to unleash our potential in collaboration with Accenture, thereby making an even more substantial impact on the healthcare ecosystem.”

Furthermore, this acquisition will fortify Accenture’s existing strategic partnership with Oracle Health, amplifying their capacity to provide comprehensive support for digital transformation initiatives. Nautilus brings a wealth of experience in the procurement and implementation of Oracle Health’s Millennium platform, a renowned provider of digital record systems in the healthcare domain.

#2. BlueRock adds Arthur Advisory as it pursues capital partner

In a bid to sustain its recent growth surge, professional services firm BlueRock has taken on a new partner, Melbourne-based firm Arthur Advisory, while also confirming its search for a strategic capital partner.

BlueRock, a Melbourne-based business consultancy, has integrated Arthur Advisory into its accounting division. This move marks a return to familiar territory for Arthur Advisory’s Managing Director, Ricky Jessop, who previously worked at BlueRock in its early stages before embarking on his own entrepreneurial journey in 2018, focusing on high-growth startups.

During his tenure at BlueRock, Jessop played a pivotal role in supporting various small-scale startups, ranging from superfood blends to a social networking platform, and even disposable hip flask ventures. He has since completed a Master’s of Enterprise program at Melbourne University.

Highlighting the advantages of this merger for Arthur Advisory’s clients, Jessop emphasized, “BlueRock distinguishes itself in the market through its steadfast dedication to innovation, excellence, and delivering top-notch customer service. Their distinctive combination of cutting-edge technology, visionary leadership, and a highly skilled team empowers advisors to provide solutions that not only meet but exceed their clients’ expectations.”

#3. ProjectiveGroup beefs up in Dutch presence with Finance Club

ProjectiveGroup, a prominent Pan-European financial services consulting firm, has achieved a significant milestone by surpassing the 1,000-employee mark through its recent acquisition of Finance Club.

Established in 2015 by two former Deloitte consultants, Finance Club specializes in providing banks with access to top talent in critical areas such as financial crime, risk management, finance, and analytics. Noteworthy clients in their portfolio include De Volksbank, Rabobank, ABN Amro, and ING.

This acquisition marks ProjectiveGroup’s sixth strategic move since its inception and its fourth venture in the Dutch market, following previous successful integrations such as Mastermind (2021), Enigma Consulting (2022), and Charco & Dique (2022).

Moreover, the addition of Finance Club to its portfolio positions ProjectiveGroup to address the rising demand from banks seeking expertise in the realm of financial crime.

The evolving regulatory landscape, including requirements related to customer research (know your customer) and anti-money laundering compliance, has placed greater demands on financial institutions. As a result, banks require a higher caliber of expert talent to navigate these complex challenges effectively.

Closing Thoughts

As we wrap up our coverage of consulting mergers & acquisitions for this week, we want to express our gratitude to our readers for accompanying us on this journey. We trust that our insights have provided you with valuable information.

Nevertheless, if there were any noteworthy M&A transactions that escaped our notice, please don’t hesitate to get in touch and bring them to our attention. Your feedback is of utmost importance to us, and if you have an interest in staying updated on the ongoing developments within this intriguing sector, keep an eye out for our forthcoming reports on consulting M&A activities in the week ahead.

Once again, we extend our heartfelt thanks for being a part of this journey with us. Until next time, take care and farewell!