Consulting Sector M&A Deals for week beginning 21st of July

businessman doing handstand on the beachHot Rock Limited (Australia) to acquire OCTIEF Pty Ltd (Australia)
Deal Size: Unspecified Industry: Engineering consulting Date: July 2014

Hot Rock to acquire an unlisted profitable business involved in environmental consulting and hazardous materials testing and with a laboratory in Brisbane. In the acquisition, Hot Rock will acquire 100% of the shares in OCTIEF Pty Ltd, issuing up to 641,508,710 shares to OCTIEF which is currently worth about $4.49 million in total. The deal is subject to approval by Hot Rock shareholders; the current owners of OCTIEF will receive an initial tranche of 320,754,355 shares. OCTIEF studies mine sites, contaminated land sites, buildings, soils and water, which need to be done as part of government and council development approvals for new project developments. Part of its services offered include industrial hygiene, asbestos and hazardous materials management, environmental services (air, water and soil including contaminated land), greenhouse gas emissions assessments, energy use assessments and specialised NATA-accredited laboratory analysis and on-site testing.

KPMG (Australia) entered into an agreement to acquire Momentum Partners (Australia) Pty Ltd
Deal Size: Unspecified Industry: Management consulting / Strategy Date: July 2014

KPMG has entered into an agreement to acquire the business of boutique consultancy Momentum Partners, a strategy and operational improvement firm with a major presence in the mining industry. Upon completion, the firms’ combined team will create the largest hub of mining professionals within KPMG’s global network. “These acquisitions continue KPMG’s investment-led growth agenda. We are aiming to significantly grow our Advisory presence in the mining sector over the next 3 years, supporting growing demand as the industry adjusts to the changes in its operating environment,” said Gary Wingrove, CEO of KPMG Australia. The global mining industry has seen unprecedented growth, correlated to the industrialisation and urbanisation of China. Supply has responded and the industry is now transitioning from capital growth, to the challenges of operational excellence and working capital management. Momentum Partners (Australia) Pty Ltd provides management consulting services. KPMG is a multidisciplinary consultancy.

The CHR Group, Inc. (USA) acquired EmeryMartin Consulting (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: July 2014

The CHR Group, a New York-based, integrated marketing services holding company, announced that it has acquired EmeryMartin Consulting and appointed Betsy Emery Martin chairman of The CHR Group’s digital practice. This deal represents The CHR Group’s 14th acquisition and sixth office opening since the holding company’s founding in 2012. “Our rate of strategic corporate growth and ability to attract top talent like Betsy has beaten my every expectation for our company,” said Jonathan Zaback, chief strategy officer and partner at The CHR Group. “Betsy brings to The CHR Group a level of digital leadership usually found only at the world’s largest professional services firms. Having Betsy oversee all of our current and future digital companies will truly make The CHR Group a must-meet entity for today’s digitally oriented corporate leadership.” EmeryMartin is a leading technology consulting firm helping some of the world’s most respected brands by driving performance and innovation. The CHR Group, Inc. is an integrated marketing services holding company.

Ernst & Young LLP (USA) agreed to acquire The Parthenon Group, LLC (USA)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: July 2014

Parthenon Group , a 23-year-old Boston consulting firm founded by former Bain & Co. executives, has agreed to be acquired by Ernst & Young , in the latest deal among the “big four” accounting giants to expand their advisory services. Bill Achtmeyer, Parthenon’s chairman and managing partner, said the firm was not under any pressure to sell. But its 33 partners voted unanimously to merge into New York-based Ernst & Young, both to deepen Parthenon’s ability to compete and to position it financially for the retirement of senior partners in the future. “It’s given us a really interesting opportunity that we couldn’t have dreamed of doing by ourselves. And it certainly vastly increases the level of growth we could see,’’ said Achtmeyer. The Parthenon Group, LLC provides strategic advisory services. Ernst & Young LLP is a professional services company.

WIRB-Copernicus Group (USA) acquired Alliance Biosciences (USA)
Deal Size: Unspecified Industry: Healthcare consulting Date: July 2014

WIRB-Copernicus Group, the world’s largest provider of regulatory and ethical review services for clinical research, announced that it has acquired Alliance Biosciences. Formerly a division of Richmond, VA-based Alliance Engineering, Alliance Biosciences was the leading biosafety and biosecurity consulting firm in the United States. With this addition, WCG’s biosafety division – WCG Biosafety™ – will be able to manage the entire continuum of biosafety oversight, helping to ensure that research involving potentially hazardous agents and vectors complies with the appropriate safety and regulatory requirements from laboratory design and drug discovery through clinical testing and therapeutic application. “My colleagues and I are tremendously proud to join WCG, and to expand our service offering to create a unified, seamless biosafety solution,” said Ryan Burnette, Ph.D., former director of Alliance Biosciences and newly-appointed vice president of WCG Biosafety. “Biological science is a driving force in our society. As the promise of gene therapy increases, vaccine development expands, and the industry continues to explore new applications for infectious agents, the need for biosafety and biosecurity is more important than ever. We can make a greater impact as part of an organisation that has for its mission the advancement of science and the protection of life.” WIRB-Copernicus Group offers review of research protocols and study-related information.

EQT Mid Market (Netherlands) acquired Dataflow Verification Services Limited (Hong Kong)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: July 2014

The EQT Mid Market fund acquired Dataflow Verification Services Limited from the founders. Dataflow is a leading provider of immigration compliance and credential verification service to governments, government-sanctioned authorities and private institutions. Dataflow was founded in 2006 and is headquartered in Hong Kong. The Company has operations in the Gulf Cooperation Council (GCC) region,India, Jordan, Singapore and Malaysia, and has a team of around 450 experts and researchers. Dataflow helps clients to conduct primary source verification (PSV) on credentials of highly skilled professionals, for example doctors, nurses or engineers, as part of mandatory immigration and credentialing programs, and processes more than 200,000 applications annually from 168 countries. Dataflow has relationships with over 25,000 issuing authorities such as schools, universities and other professional bodies around the world. Following the growing requirements for PSV services, Dataflow has established a leading market position in the GCC region with high customer retention. Mr. Douglas Nairne, Co-founder and Chief Executive Officer of Dataflow, said: “EQT Mid Market is an ideal partner as Dataflow plans to grow and expand further. EQT has an industrial and hands-on approach and we share the vision of creating value for our stakeholders and the communities we protect. We are excited to work with EQT and their network of Industrial Advisors. Together, we will continue to deliver superior services to our clients and serve and protect the communities they represent.” EQT Mid Market fund specialises in middle market buyouts and growth equity investments.

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