Consulting Sector M&A Deals for week beginning 10th August

businessman doing handstand on the beachAricent (USA) has acquired SmartPlay (India)
Deal Size: $180million Industry: IT Consulting Date: August 2015
US product engineering firm Aricent has acquired Bengaluru-based chip design services company SmartPlay for $180 million, one of the biggest acquisitions in the semiconductor space in India. It’s also Aricent’s fifth and the biggest ever acquisition in the country. The acquisition follows France-based technology consulting firm Altran’s acquisition of India-based SiCon Design Technologies last month and the acquisition of Bengaluru-based Cosmic Circuits in 2013 by Cadence Design Systems of the US, and demonstrates India’s growing and deep strengths in semiconductor design. The SmartPlay acquisition will help Aricent accelerate its R&D efforts in embedded software (software that is embedded in hardware) and the emerging high-potential space of internet-of-things (IoT — the concept of connecting every kind of device, from pens and toasters to factory components, to the internet). (http://economictimes.indiatimes.com)

Cedar Management Consulting (Dubai) acquires IBS Publishing (UK)
Deal Size: Undisclosed Industry: Management Consulting Date: August 2015
Cedar Management Consulting has acquired IBS Publishing and its IBS Intelligence unit. IBS Intelligence provides uniquely researched news content on technology trends within the financial markets, as well as offering its own consulting practice. Through the acquisition of IBS, Cedar Management Consulting considerably strengthens its range of offerings to its worldwide clients in the area of knowledge in banking technology and wider trends. The deal is partly aimed at expanding within the Indian market, with the consulting knowledge and prowess acquired, to be leveraged for old and new clients in the Indian banking system. (http://www.consultancy.uk) 

Chrys Capital (India) acquires Infogain (USA)
Deal Size: $63 million Industry: IT consulting Date: August 2015
Indian private equity poster boy ChrysCapital has struck its first buyout deal, snapping up majority shares in Infogain, a San Francisco-headquartered IT consulting company, for $63 million. This is also the first instance of a local private equity firm striking an acquisition in the US. Infogain’s front-end technologies, processes and applications help its retail, health and insurance clients provide a more efficient customer experience. It specilaizes in software product engineering, service automation and mobility – and counts twenty of the top 1,000 enterprises as clients – for its annualized revenue of about $100 million. ChrysCapital has the option to acquire 100% of Infogain, which began as an engineering services business, working for some of Silicon Valley’s hottest software products startups. After building domain expertise, it went into direct custom application and implementation for clients. “We are now pivoting our tech investment strategy to build a mid-tier platform of new age IT and digital services. We will use Infogain as a vehicle for bolt-on acquisitions to scale up this play,” Sanjay Kukreja, MD & Lead Partner, ChrysCapital told TOI. (http://myinforms.com)

Legat Owen (UK) to merge with Lamont Commercial (UK)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Legat Owen has agreed to merge with a fellow commercial property consultancy to create an enlarged business with a 37-strong team. Following the deal with Lamont Commercial, the company will be known as Legat Owen (incorporating Lamont) and will continue to operate from offices in Chester and Nantwich. In addition, a raft of changes has been announced to the management team. Peter Johnston, head of Legat Owen (incorporating Lamont), said: “This merger brings together two dynamic and well-respected companies that have a very similar approach to business, taking pride in our commitment to personal service and longstanding client relationships, some of which we share. “By merging we will succeed in retaining our independence, strengthen our core business and broaden our client base.(http://www.insidermedia.com)

CSC (USA) to acquire Fruition Partners (UK) and Fixnetix (UK)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Global IT services company CSC announced two strategic acquisitions on top of its first quarter earnings and revenue report. CSC will acquire Fruition Partners, a technology provider for the service-management sector and the largest ServiceNow-exclusive service management consulting firm. Additionally, CSC is buying London-based Fixnetix, provider of front-office managed trading software for capital markets. Financial terms were not disclosed for either deal. With both buyouts, CSC is looking to fill in key gaps in its portfolio. With Fruition Partners, CSC can offer enterprise clients a broader range of cloud-based service management tools. With Fixnetix, CSC can offer capital market clients an expanded range of as-a-service front office capabilities. Mike Lawrie, president and CEO of CSC, said the latest acquisitions “are prime examples of how we are investing to shape CSC’s post-separation commercial business, best serve our global clients, and capitalize on growth opportunities in the marketplace.” (http://www.zdnet.com)

Armanino (USA) to acquire The Brenner Group (USA)
Deal Size: Undisclosed Industry: Management consulting Date: September 2015
Amanino LLP, an accounting and business consulting firm based in California, will acquire The Brenner Group, effective Sept. 1. The agreement brings executive search capabilities to The Brenner Group, an interim executive management and financial advisory services firm. Armanino’s executive search team, with expertise in permanent placement, will join The Brenner Group. The Brenner Group, based in Silicon Valley, will continue to operate as a separate entity and there will be no reduction in headcount as part of the transaction.“We are very excited by the synergistic opportunities this agreement creates,” said Andy Armanino managing partner of Armanino. “The Brenner Group’s experience in providing companies with hands-on financial leadership is a perfect match to Armanino’s full spectrum of accounting, consulting and technology solutions,” he said. “By coming together, we’re able to provide more innovative solutions for our clients, which is something we all take pride in and value.” (http://www.staffingindustry.com)

Cherry Bekeart (USA) has acquired Bethesda (USA) from CBIZ, Inc.
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Cherry Bekaert LLP, an accounting and consulting firm, has acquired Bethesda, Maryland-based financial services practice of CBIZ, Inc., a provider of professional business services, products and solutions. Both the companies are based in the US. (http://www.individual.com)

St Ives PLC (UK) to acquire Fripp Sandeman and Partners Ltd. (UK)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Marketing services and book publishing company St Ives PLC on Thursday said it has struck a deal to acquire retail business consultancy Fripp Sandeman and Partners Ltd for an undisclosed consideration. St Ives said the deal will boost its specialist consultancy services operation and said the business will be integrated into its strategic marketing business. “With its results-driven approach and experience working with retail property professionals and retailers, FSP is an excellent fit for the group, in line with our stated strategy of acquiring complementary, ambitious and growing Strategic Marketing businesses that share our common attributes and ethos,” said St Ives Chief Executive Matt Armitage.(http://www.4-traders.com)

Computer Management Services (USA) to acquire some of BlumShapiro (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
West Hartford-based BlumShapiro Consulting is selling some of its software consulting business to Computer Management Services in Westbrook. Terms of the deal were not released. Lisa Maxwell, Computer Management Services’ director of marketing and business development, said Wednesday the clients the Essex Road company is acquiring from BlumShapiro are spread across a variety of industries, including manufacturing, food processing, accounting and business services, as well as the marine business. Computer Management Services already has presence in those industries, Maxwell said. “We are very excited about this acquisition as it allows us to greatly expand our footprint,” Harvey Payton, executive vice president of Computer Management Services, said in a statement. “We look forward to working with and managing BlumShapiro’s clients from end to end while helping them to further their future growth.” Jim Clarkson, consulting partner for BlumShapiro, said the demands of the marketplace are forcing special specialization. “The industry has changed,” Clarkson said in a statement. “We felt that this is the right time and the right partner to which to transition our client base.” (http://business-news.thestreet.com)

Valintry Services LLC (USA) has acquired PaperBoat Media LLC (USA)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Valintry Services LLC, a Winter Park-based IT staffing and consulting services company, has acquired the recruiting division of Orlando-based PaperBoat Media LLC for an undisclosed price. The deal enables Valintry to expand the services it offers. PaperBoat Media is a regional player in the IT recruiting and consulting industry. “PaperBoat Media has built strong relationships with multiple clients and has positioned themselves as an expert not only in traditional IT consulting, but also understanding and recruiting talent to support big data and marketing IT,” said Valintry President Joe Parris. “These unique skills, combined with our common values in how we build client/partner relationships, made this an easy decision. (http://www.bizjournals.com)

GFK (Germany) will acquire NORM Research and Consulting (Sweden)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
GfK acquires NORM Research & Consulting AB, a Sweden-based market research company specialized in virtual shopper research. Their core product is a software that simulates shopping environments for various market research purposes. To date, Simstore has supported research among millions of consumers in more than 30 countries with even greater scale possible together with GfK. Debra A. Pruent, Member of the Management Board at GfK and responsible for the Consumer Experiences sector comments: “Digitalization is the biggest opportunity for market research. With the technology from NORM Research & Consulting, client research projects can be performed world-wide quickly and efficiently. The company is one of the leaders in this technology and already counts many of the world’s largest consumer goods manufacturers among its customers. The scalable software is an ideal complement to the GfK portfolio in shopper research and provides an enormous competitive advantage.” Adrian Sanger, Global Head of Shopper at GfK, adds: “This acquisition extends our Shopper offering for consumer goods, retail and technology clients. Through combining behavioral data with Simstore, clients have a more complete view of the shopper globally, driving clearer insight to optimize the shelf, the channels and the shopping experience.” (http://www.4-traders.com)

Akers & Arney (USA) has merged with Ollis & Company (USA)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
The Branson-based insurance company, Akers & Arney, merged with the Springfield-based Ollis & Company to create Ollis/Akers/Arney, the companies announced this week. “Everyone at Akers & Arney is delighted to be united with such a respected insurance and business consulting firm as Ollis and Company,” said David Arney, former president and CEO of Akers & Arney, and now a chief operating officer at Ollis/Akers/Arney. “This merger creates a stronger organization with more opportunities for our employees, and our clients will see enhanced service and additional products.” (http://bransontrilakesnews.com)

Brown & Brown (USA) has acquired assets of Waymark (USA)
Deal Size: Undisclosed Industry: HR consulting Date: August 2015
Brown & Brown Insurance of Nevada, a subsidiary of Brown & Brown, has acquired certain assets of Waymark. With roots dating back to 1999, Waymark has annual revenues of approximately $1.3m. The firm specializes in providing employee benefits products and services, including discount health and lifestyle benefit programs and consulting services, to clients in Nevada and various other states within the United States. Mr. Cruden, Executive Vice President of Brown & Brown Insurance of Nevada, stated, “Waymark has a stellar reputation with deep roots in our community. We are proud to have such a high-quality operation joining the Brown & Brown team here in Nevada.” Kelly E. LeGrow, Managing Member of Waymark, commented, “We are honored to be joining forces with such a respected and prestigious firm as Brown & Brown. This move not only allows us to increase services and support to our existing clients, but provides us an expanded platform to deliver our cutting-edge products and programming to current Brown & Brown clients.(http://commerciallines.insurance-business-review.com)

Synechron (USA) has acquired Usable (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
IT consulting firm Synechron has acquired US-based digital design firm Usable. The deal will specifically boost SyneStudio, Synechron’s dedicated digital technology division, which the firm launched in the US, Canada, UK, Asia Pacific, and Middle East to provide digital and business technology and end-to-end IT services. The studio engineers, designs, develops and manages technology initiatives for agencies, ad networks and exchanges, data management platforms, demand-side platforms, publications, and the digital ecosystem at large. (http://www.consultancy.uk)

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