Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024.
Yasmeen Muhtaseb has hit her second career milestone at EY this year, with her promotion to Chief Operations Officer for the MENA region coming shortly after reaching Silver jubilee status.
Joining from rival project development consultancy AtkinsRéalis, Nassib Al-Sibassi brings over 30 years of experience in civil engineering and project management to the firm.
Compass Project Consulting has appointed Nassib Al-Sibassi as the new Managing Director for its business in Saudi Arabia
Alvarez & Marsal Tax LLP (A&M Tax), an affiliate of global professional services firm Alvarez & Marsal (A&M), has appointed two Managing Directors to its indirect tax team. Following the recent hire of VAT and international indirect tax expert Justin Whitehouse, bringing on additional talent in the form of seasoned leaders is key to A&M Tax’s ongoing investment in its compliance, technology and transformation offering for clients across EMEA
Till Giese, 42, is based in Hamburg and joins Strategy& with more than 15 years of expertise in strategy creation, strategy execution, digitalization, operational excellence, research and development, and industry 4.0.
Arthur D. Little (ADL) today announced the appointment of Michael Szczepanski as a Senior Executive Advisor, with a focus on expanding and strengthening the company’s presence and service offering in Denmark. Michael has over 20 years of experience advising clients in strategy, M&A and organizational development. He will also become a key member of ADL’s Automative & Manufacturing practice, focusing on Industrial Goods & Services.
FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of performance improvement and pricing solutions expert Bach Nguyen as a Managing Director in the firm’s Business Transformation practice within the Corporate Finance & Restructuring segment.
Arthur D. Little (ADL) today announced the appointment of Michael Szczepanski as a Senior Executive Advisor, with a focus on expanding and strengthening the company’s presence and service offering in Denmark. Michael has over 20 years of experience advising clients in strategy, M&A and organizational development. He will also become a key member of ADL’s Automative & Manufacturing practice, focusing on Industrial Goods & Services.
Argon & Co, the global management consultancy specialising in operations strategy and transformation, is delighted to announce that Caliba Group has become Argon & Co.
Lösch & Partner is headquartered in Munich. Since its creation in 1984, Lösch & Partner has built-up deep expertise on industry leading tools and processes for application lifecycle management and systems engineering in the automotive industry, establishing it as one of the most experienced and specialist boutique providers in Germany. Capgemini and Lösch & Partner share a number of common clients in the automotive space.
The EY organization today announces the appointment of Yew-Poh Mak as EY Asia-Pacific Deputy Area Managing Partner, succeeding Harsha Basnayake as he assumes the EY Global Managing Partner – Business Administration & Risk role. In addition, Shannon Cotter has been appointed EY Asia-Pacific Strategy and Transactions (SaT) Leader, succeeding Yew-Poh Mak. Both appointments are effective 1 July 2024.
Accenture has entered into an agreement to acquire Logic, a retail technology services firm that works with retailers to drive customer loyalty, boost revenue and increase agility through the use of technology. With strong capabilities in merchandising, stores, digital, analytics and cloud, the acquisition of Logic will further enhance Accenture’s ability to drive technology transformations for retail clients globally.
Sydney-based SAP specialist FAIR Consulting has picked up fellow specialist Brightwater Technology, and recruited former SAP veteran Pete Andrew as its new A/NZ managing director.
Headquartered in Verwood, Spire is a UK trade-only distributor of computer components and peripherals Dorset, and has supplied laptops, tablets, computers, PC components and peripherals to the IT industry for more than 30 years. From its office in Verwood, the business offers over 2,500 products, with more than 60 employees – and generating an annual turnover in excess of £100 million.
Bain & Company now successfully running all its core financials in 40 countries on SAP S/4HANA Cloud Public Edition.
Oxford Global Resources, an IT and life sciences staffing provider based in Beverly, Massachusetts, acquired Linksap Europe, a provider of SAP software ecosystem consultants.
MethodHub Consulting, the US-based subsidiary of Indian IT consulting firm MethodHub, has acquired a majority stake in Zortech, a Mississauga-based IT consulting firm.
ASX-listed Atturra has announced its has exchanged a share sale agreement (SSA) to acquire Brisbane-headquartered IT consultancy Exent through its subsidiary Atturra Advisory.
Exent offers services covering strategy to implementation business transformation advisory in vendor neutral, client-side technology, people and business processes.
Atturra said the acquisition will help the firm extend its advisory and consulting capabilities outside of Canberra and the defence sector and expand the practice nationally.
Upfront consideration for Exent is $6 million in cash, with earn-out/post-completion consideration of up to $2 million in cash, subject to Exent achieving first half financial year 2025 (FY25) performance hurdles.
The Exent purchase price, including upfront and deferred consideration, is based on a multiple of 6.5 times forecast of the earnings before interest, taxes, depreciation, and amortisation (EBITDA) contribution to Atturra in FY25.
The price will exclude integration costs which are forecast to be less than $400,000.
The transaction is expected to complete on or around 31 July 2024, subject to the satisfaction of conditions precedent in the SSA.
“There is an increase in businesses looking for a trusted advisor with the capability to help scope extensive technology change programs and then advise on this complex transformational activity. Atturra has worked with the Exent team through its local government and education clients and is aware of its highly regarded reputation in advisory. They also have a specialisation in aged care and a growing capability in health," said CEO of Atturra, Stephen Kowal.
"As part of our growth strategy, we have been seeking the right opportunity to harness our strength, expertise and reputation in Canberra and defence to expand our advisory business into the commercial sector. The acquisition of Exent with its complementary expertise gives us the perfect entry point. There is a strong cultural alignment between the two companies, and we look forward to welcoming Phil Fowdar and the Exent team to Atturra.”
Founder of Exent Joe Fazzari said: “From inception, Exent has been on a mission to challenge and innovate the consulting space. On the back of great client outcomes and a superb team, we have delivered on our goals. Ranking as Australia's thirty-third fastest growing firm last year, we were looking carefully at our next stage of growth. A strategic acquisition made perfect sense, and Atturra was the perfect partner."
"Exent's capabilities in business transformation, complex technology advisory and implementation, process re-engineering and people change are perfect complements to Atturra's scale and depth in technology. Atturra is an excellent fit on capability, culture, and mission. With this acquisition, we aim to accelerate Atturra's drive to become Australia's leading technology services firm.”
Managing partner of Exent,Phil Fowdar said: “the leadership team at Exent is excited about this acquisition, which expands our capabilities and service offering to clients, and provides tremendous career opportunities to our team.
"Our depth in complex technology-enabled transformation and commitment to outcomes will be greatly enhanced by the resources and reputation of Atturra. We see enormous potential to bring our advisory capability to the breadth of Atturra's technology capabilities. With Atturra, we have a strong shared vision, backed by the scale and depth in business and technology transformation, to create a leading full-service firm with a difference.”
Sourced from CRN news
Global strategy firm Bain & Company has named Jean-Charles van den Branden as the new Global Leader of its Sustainability practice.