May 2017: Consulting M&A Update

By Ramone Param, Associate Director, Equiteq.

FIS sells majority stake in Capco to private equity

Clayton, Dubilier & Rice announced their acquisition of a 60% majority stake in Capco from FIS, a leader in financial services technology. Capco is the public brand for FIS’ management consulting business and specializes in business, digital and technology consulting services for the financial services industry. FIS acquired Capco for $292m in 2010 and will receive net cash proceeds of $477m from the sale, while retaining a 40% stake in the business.

New Mountain acquires OneDigital Health and Benefits

OneDigital, one of the top buyers that we identified in the HR space, announced that it has been acquired in an all-cash deal by private equity investor New Mountain Capital. New Mountain is acquiring a majority ownership in the business from Fidelity National Financial Ventures for a reported $560m. The investment will be aimed at providing strategic guidance and industry expertise, while helping drive OneDigital’s continued growth.

OneDigital is the United States’ largest provider of employee benefits services and offers employers a combination of strategic advisory, analytics, compliance support, HR capital management tools and comprehensive insurance offerings. The business serves 35,000 companies and manages c.$4 billion in premiums.

Equiteq advises Aecus on its sale to The Hackett Group

Equiteq was pleased to announce the sale of its long-term client, Aecus, to Hackett. Equiteq acted as exclusive financial advisor to Aecus and its shareholders on the sale of the business having previously worked with the company for over 8 years in a strategic advisory capacity.

Aecus is an award-winning European consultancy that helps clients optimize business process outsourcing, IT outsourcing and robotic process automation through benchmarking and implementation consulting. At the foundation of Aecus’ value offering is more than 15 years of quantitative market data on outsourcing agreements. This data is expected to be highly complementary to The Hackett Group’s broad expertise in global business services, and The Hackett Group’s data and insights regarding best practices to drive process-level efficiency and regional labour rates.

Selected Consulting M&A Deals in May:

Important Notice: This article has been compiled using our daily activities in the industry that provide us with unique market intelligence, along with various third party information sources. In many cases, valuation metrics and other deal data has not been confirmed.

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