Consulting Sector M&A Deals for week beginning 20th July

businessman doing handstand on the beachReynolds Porter Chamberlain (UK) acquired Marriott Sinclair (UK)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
RPC Consulting has acquired UK-based software and consultancy business, Marriott Sinclair. Marriott Sinclair, which was formed in 2012, provides software and actuarial consultancy to the insurance, banking, and wider financial services communities. The company has developed a software solution called ‘tyche’, a state of the art financial modelling tool that explores the many uncertainties affecting the financial outcome of projects, strategies or business opportunities. It helps to empower clients struggling with decision making, particularly in a regulatory environment demanding an ever greater awareness of risk. RPC Consulting was established in early 2015 with the appointment of Rory O’Brien, who is the Managing Partner. It offers actuarial and general management consultancy services to clients in the insurance sector. “The team at Marriott Sinclair has significant expertise in the insurance consulting sector and its propriety software product, tyche, is a game changer in the insurance market. The fit is perfect for RPC Consulting because it adds additional consulting capability and breadth to our current offering and provides an excellent software platform that will support much of the advisory work that we will provide to clients. The software is game changing in terms of speed and usability and as one of the only truly independent providers of these combined consulting and software solution in the market we see a significant differentiator for RPC Consulting,” said Rory O’Brien, RPC’s Managing Partner.

Accenture (Ireland) acquired Chaotic Moon (USA)
Deal Size: Undisclosed Industry: Media consulting Date: July 2015
Accenture has acquired Chaotic Moon, a creative technology studio that creates and develops user-centered experiences for leading brands, strengthening its full suite of marketing and digital services provided by Accenture Interactive, part of Accenture Digital. Terms of the transaction were not disclosed. Chaotic Moon has capabilities in experience strategy, digital design, prototyping, and development. The acquisition provides Accenture Interactive with expanded rapid prototyping and creative technology capabilities, as well as a regional foothold in the talent-rich Texas market. The studio is known for its adventurous style, boundary-pushing technology, and a methodology that pairs designers with developers on rapid co-creation — from concepting to delivery. “Chaotic Moon is a natural extension of our capabilities and allows us to expand geographically into Austin, with its strong base of designers and engineers. Together, we will work to fulfil our ambition at Accenture Interactive to be a market leader in experience design, marketing, content and commerce for the world’s biggest brands,” said Brian Whipple, senior managing director, Accenture Interactive.

General Industries plc (UK) agrees to acquire Altair Consultancy and Advisory Services (UK)
Deal Size: £6.6 million Industry: Housing consulting Date: July 2015
Investing company General Industries PLC said it has agreed a reverse takeover of Altair Consultancy and Advisory Services Ltd for GBP6.6 million, as it posted a loss for the year to the end of March. General Industries said it will acquire Altair, which provides consultancy services on affordable housing, for GBP6.6 million, to be paid for via the issue of 21.2 million new General Industries shares. That gives the shares a value of 31.1 pence per share. Shares in General Industries were untraded Tuesday, having last traded at 31.00p. The 21.2 million shares being issued to the sellers of Altair will represent 67.3% of the enlarged capital of the combined company. General Industries said it believes there is a strong and growing market for consultancy services provided to local authorities, housing associations, charities, property companies and government departments focused on affordable housing.

Prophet Inc (USA) acquired Altimeter Group (USA)
Deal Size: Undisclosed Industry: Business consulting Date: July 2015
Technology research firm Altimeter Group has been acquired by brand and marketing strategy consultancy Prophet. While financial terms of the deal were not disclosed, it’s likely that Prophet bought Altimeter to add more expertise to its ranks, in order to show customers how to better act on digital transformation within their business. Altimeter Group bills itself as a research and strategy consulting firm that helps companies better understand and act on disruption. “The rapid advances in digital technology and data, along with seismic shifts in customer behavior, have challenged many companies’ ability to stay relevant,” says Prophet CEO Michael Dunn. “The addition of Altimeter’s roster of analysts…who have authored much of the influential research on these critical topics — is a key next step for our firm and our continued growth.” Prophet bills itself as a consultancy that “fuses insights, strategy, creativity, and imagination” to help grow better brands. The acquisition of Altimeter is likely meant to aid Prophet in creating a one-stop shop for customers. Not only will better brands be built, but clients will now receive research and analysis about industry topics that pertain to their use of technology in the enterprise space.

Blue Star Infotech (India) to acquire the remaining stake in associate Business Intelligence and Analytics firm (India)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Blue Star Infotech Ltd, a Mumbai-based technological consulting services provider, has received its board approval to acquire remaining 51.03 per cent stake in Blue Star Infotech Business Intelligence and Analytics Pvt Ltd, for an undisclosed amount, according to a stock market disclosure. Post acquisition, Blue Star Infotech Business Intelligence will become a wholly-owned subsidiary of Blue Star Infotech. In 2013, Blue Star Infotech had acquired 48.97 per cent stake in ActiveCubes Solutions India Pvt Ltd post which it got renamed as Blue Star Infotech Business Intelligence and Analytics. Founded in 2007, Bangalore-based Blue Star Infotech Business Intelligence provides analytics and business intelligence solutions. It transforms data into intelligence and caters its services to consumer packaged goods, retail, telecom and health care sectors, besides financial institutions. Part of Blue Star Group that is better known for the air-conditioning business, Blue Star Infotech provides services like mobility services, cloud computing, analytics and business intelligence, product engineering, testing, package implementation and applications.

KPMG (Netherlands) acquired High-Point Rendel (UK)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
KPMG has acquired the strategic management and commercial consulting arms of High-Point Rendel, in another move to boost its specialist advisory expertise. High-Point Rendel offers commercial, contractual, programme and risk management services to clients who primarily operate in the energy, transportation, oil and gas sectors. KPMG’s Major Projects Advisory team will take on 35 staff from High-Point Rendel, and the new practice will be known as KPMG-HPR. Advisory head at KPMG, Richard Fleming, said that this acquisition “marks a step-change for KPMG both in the UK and globally.” He added: “Global investment in infrastructure is growing at an exponential rate, with spend predicted to reach £45 billion in the UK during 2016 alone. Our clients are grappling with increasingly ambitious and complex projects, which bring with them unfamiliar risks, amplified by the additional complexity that global supply chains bring.” HPR chairman Cockshaw commented: “The HPR team is extremely excited about being an important part of a composite and full service global and local offering with the clear expectation of becoming the world’s premier major project advisor.”

Cartesian Inc (USA) to acquire Farncombe Consulting Group (UK)
Deal Size: $5.8 Industry: IT consulting Date: July 2015
Cartesian™, a leading provider of consulting services and managed solutions to the global communications, technology and digital media industries, agreed to acquire Farncombe Technology Limited, a consulting and advisory services provider to the digital TV sector. Farncombe specializes in digital TV services and offers high-caliber technical and strategy consulting, implementation services, content security, and testing. The company has a global 100-plus client roster, which includes leading service providers, broadcasters, platform operators, and technology firms. “Farncombe is highly respected within the digital TV sector,” said Peter Woodward, Cartesian CEO. “Farncombe leaders and consultants are known experts in video, digital rights, content and security across multiple platforms, including broadcast, mobile and broadband networks. In addition to serving a complementary client base, Farncombe better positions Cartesian to support the growing digital TV needs of communications service providers in North America and EMEA. We expect the acquisition to be accretive, and provide tremendous cross-selling and upselling opportunities across our combined customer base, particularly in strategy and analytics.” Steve Upton, Managing Partner of Farncombe, commented: “We are pleased to be joining Cartesian, a firm that also values excellence in delivery, analytics, and technology advancement, along with a strong ambition for growth. We look forward to bringing our services to Cartesian clients and delivering an expanded offering to our existing client base.”

H-Farm Ventures (Italy) acquired Nuvò (Italy)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
Italy-based digital startup accelerator H-Farm acquired 100% of Nuvò, an Italian consulting services company which specializes in the digital transformation of businesses. The amount of the deal was not disclosed. With this acquisition, H-Farm aims to reinforce its presence in the area of business services, integrating and increasing its current unit.

Digital Insurance (USA) acquired Compass Consulting Group and Prospective Risk Management Corporation (USA)
Deal Size: Undisclosed Industry: HR consulting Date: July 2015
Digital Insurance, the nation’s largest employee benefits-only company and a subsidiary of Fidelity National Financial (FNF), has acquired Compass Consulting Group and its affiliate Prospective Risk Management (PRM), both headquartered in Jacksonville, Fla. Compass Consulting and PRM are premier providers of employee benefits consulting and health care risk management services. The transaction underscores Digital’s strategy of expanding its national platform to include complementary lines of businesses. “Compass’ consultants are experts in the design and management of benefits solutions for an array of businesses including large employers, private equity arrangements, associations, and in particular, many of the largest PEOs (Professional Employers Organizations) in the country,” says Adam Bruckman, president and CEO. “Digital’s continued growth in the employee benefits industry through the Compass and PRM acquisitions are market opportunities which create synergies and value for our organizations,” adds Brent Bickett, president of FNF. “It also provides additional diversification for FNF into this market, which will increase shareholder value and further strengthen our organization.”

Acumin Consulting (UK) merges with RedSnapper Recruitment (UK)
Deal Size: Undisclosed Industry: HR consulting Date: July 2015
Acumin Consulting, the market leading Cyber Security Recruitment firm will merge with Red Snapper Recruitment, the market leading criminal justice staffing services business in the UK. The merger brings together two innovative and well respected niche companies with a portfolio of leading edge recruitment and Executive Search services, that specifically help address the growing Global Cyber Security Threat. Martin Jerrold, newly appointed managing director of the group companies said of the merger, “The delivery capability of the two companies to provide bothCyber Security Professionals as well as Trained Forensic and Investigations staff across Government and the Commercial sectors is a truly unique proposition. We are looking forward to playing an instrumental part in the defence of the UK National Infrastructure, by helping to find and develop talent – the biggest challenge this market faces!” Red Snapper has been traditionally strong in the public sector whereas Acumin has always been more focussed in the commercial markets with a strong international reach.

Tyco International (Ireland) acquired Experian FootFall Limited (UK)
Deal Size: £38.5 Industry: IT consulting Date: July 2015
Tyco Retail Solutions, the retail performance and security business of Tyco announced today that it has acquired FootFall, a global retail intelligence leader, from Experian, plc, for £38.5 million (US$60 million) in cash. FootFall provides thousands of retailers and retail property owners with end-to-end technology, services and retail analytics solutions to collect, measure, and analyze customer traffic in their stores and property portfolios. FootFall manages over 50,000 devices installed in approximately 13,000 retail sites, which capture over 15 billion shopper visits across 11 markets in Europe, Asia Pacific, and North America. For two decades, FootFall has been a trusted advisor and intelligence expert with a proven track record of rolling out scalable, integrated solutions to multinational retailers. Together, FootFall and Tyco Retail Solutions will accelerate commercial delivery of shopper analytics and traffic intelligence solutions for retailers worldwide. The combined offering, deployed through Tyco’s global professional services and installation network, helps retailers drive revenue, optimize operations and enhance merchandising programs. “The FootFall acquisition not only complements our existing portfolio of information-based store performance solutions for our retail customers, but also is consistent with Tyco’s growth and innovation strategy,” said Nancy Chisholm, President, Tyco Retail Solutions. “This strategic investment positions Tyco as a leading provider of traffic intelligence solutions globally, while strengthening and differentiating our Internet of Things (IoT) solutions that deliver real-time visibility with predictive capabilities into inventory, shrink and shopper behavior.” The addition of FootFall to Tyco’s operations is expected to generate approximately $39.0 million in revenue on an annualized basis.

Economics Advisors LLC (USA) to merge with Peters Advisors LLC (USA)
Deal Size: Undisclosed Industry: Business consulting Date: July 2015
Economics Partners LLC and Peters Advisors LLC have formed an alliance and agreement of merger, to build the premier transfer pricing and tax valuation firm in the United States. The firms will combine aspects of their operations immediately. They plan to merge fully by the end of 2015, after which they will do business as Economics Partners. Tim Reichert, founder and CEO of Economics Partners, said “Dan and I have worked together for many years, and share a common vision for what we want to achieve. This combination will create the premier shop in our space.” Dan Peters, founder and CEO of Peters Advisors, agreed and said: “We’re going to build upon our platforms, which are uniquely attractive to both clients and practitioners. Our clients can expect insightful advice provided by our senior professionals, who operate without high overhead costs and unnecessary constraints.” The combined firm has offices in Denver, New Jersey, Washington, D.C., Philadelphia, and Tel Aviv. The combined firm offers 13 partners, and more than 40 professionals serving clients. Economics Partners has a strong focus on detailed economic analysis, development of analytical models solving transfer pricing’s most difficult issues. Peters Advisors’ primary focus has been on assisting clients in managing their end-to-end tax valuation and transfer pricing function, from transactional planning through to the execution of operational transfer pricing, compliance and audit defense.

Accenture (Ireland) to acquire EnergyQuote JHA (UK)
Deal Size: Undisclosed Industry: Business consulting Date: July 2015
Accenture has entered into an agreement to acquire EnergyQuote JHA, a Pan-European energy management and procurement services provider. The acquisition will bolster Accenture’s energy procurement capabilities in Europe and further enhance its ability to deliver energy management as-a-service to clients. Terms of the deal were not disclosed and the acquisition is subject to the satisfaction of customary closing conditions. Headquartered in London, EnergyQuote JHA provides services including energy procurement, risk management and strategy development, forecasting, energy contract management, portfolio management, carbon emissions reduction and utility bill management to clients in more than 22 European countries. “Clients are increasingly seeking a single provider of energy procurement and management services that can address the full spectrum of needs – from reducing demand and risk to improving pricing and payment accuracy – across all geographies,” said Mike Salvino, group chief executive, Accenture Operations. “This acquisition will extend Accenture’s industry leading position in the procurement market and enhance our ability to provide comprehensive energy management services, putting us in an even better position to provide innovative business process services that deliver business outcomes to our clients.” Accenture provides management consulting, technology, and business process outsourcing services worldwide.

GECI International S.A. (France) to acquire Eolen Group (France)
Deal Size: $1.2 million Industry: IT consulting Date: July 2015
The GECI International Group announces the acquisition of Eolen Group, a consulting and IT engineering services firm. This transaction enables GECI International to develop its position in France and abroad, while increasing its expertise on high value markets. The Eolen Group is a France-based consulting and IT engineering company focused in advanced technology, offering diversified and highly specialized services in four main areas: (i) infrastructure, (ii) design and application development, (iii) computer Industrial and (iv) project management. This acquisition helps GECI International to significantly expand its activities in France and Brazil in particular and harness Eolen’s capabilities to diversify their offering, in intelligent services, financial data or e-learning. GECI International Group is a High Tech engineering specialist supporting clients to design and develop intelligent products and services.

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