PCB Partners advises Reply on the acquisition of Comwrap, a specialist in cloud-native customer experience and commerce based on Adobe Experience Cloud and Ibexa DXP.

October 28, 2021

Reply S.p.A. has acquired 100% of the share capital in Comwrap GmbH, a European leader in professional services for cloud native digital platforms based on Adobe Experience Cloud and Ibexa DXP. With deep expertise in digital experience, Comwrap’s c. 85 employees will become part of Reply’s network of technology platform.

PCB started the mandate in March and completed the transaction in October. Commenting on the transaction, Riccardo Lodigiani, Head of M&A Reply said:

“Our partnership with PCB continues with them finding us high quality off-market, under-the-radar assets in the Technology Consulting and Digital Services ecosystems. Delivering to the brief quickly and sensitively, the differentiated PCB approach and deep industry experience was the key factor in closing out the deal, and we look forward to continuing this important partnership to help Reply’s inorganic expansion in the year ahead.”

About Reply

Reply specialises in the design and implementation of solutions based on new communication channels and digital media. As a network of highly specialised companies, Reply defines and develops business models enabled by the new models of AI, big data, cloud computing, digital media and the internet of things. Reply delivers consulting, system integration and digital services to organisations across the telecom and media; industry and services; banking and insurance; and public sectors. www.reply.com

About Comwrap

Comwrap specialises in launching cloud-native digital experience and e-commerce platforms based on Adobe Experience Cloud as well as Ibexa DXP. Comwrap Reply differentiates itself from Internet agencies and IT consultancies through a “cloud-native strategy”. Standards-based integration in the cloud leads to short project lead times and lower overall project costs. Comwrap Reply’s services include consulting, experience design, and system integration. www.comwrap.com

PCB Partners advises Accenture on the acquisition of BCS Consulting, a U.K management consultancy that delivers complex business change for financial services firms.

October 2021

Accenture (NYSE: ACN) has completed the acquisition of BCS Consulting, a U.K.-based management consultancy specialising in delivering complex transformation programmes for financial services organisations. Headquartered in London, BCS Consulting’s team of approximately 250 professionals will join Accenture’s U.K. Financial Services Strategy and Consulting practice. Financial terms of the transaction were not disclosed.

Established in 2001, BCS Consulting advises many of the U.K.’s leading financial institutions on large-scale change initiatives spanning technology, finance, operations, risk and regulatory transformation. The firm brings deep sector expertise across areas such as payments, open banking, operational resilience, financial crime and cost optimisation. Its capabilities will complement and strengthen Accenture’s existing consulting and technology offering to financial services clients.

The acquisition further builds on Accenture’s recent investments in the financial services sector, including the acquisitions of Mudano, Orbium and Parker Fitzgerald. Together, these additions enhance Accenture’s ability to support clients with end-to-end transformation programmes and deliver sustainable value while addressing evolving market and regulatory challenges.

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 482,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives.

PCB Partners provides Management Advisory to Proxima Group through its corporate recapitalisation.

September 2021

Proxima Group completed a corporate recapitalisation where PCB Partners provided Management Advisory services. Commenting on the process, Gareth Evans, CEO of Proxima said:

“We decided to look at all the exit options for shareholders to provide liquidity and also support the business in its future growth ambitions. We appointed Tim Farazmand and his team at PCB Partners as Management Advisors to the team because they understood the sector and had deep experience of the private equity community. They provided valuable insights into private equity and helped the management team evaluate all options.”

About Proxima

Founded in 1994, Proxima provides procurement advisory services and procurement transformation solutions to a client list ranging from some of the world’s largest businesses to fast-growing, high-potential small and medium-sized enterprises across a wide range of supply categories, and in sectors from aviation to government, from manufacturing to banking.

PCB Partners, the mid-market TMT and Business Services M&A advisor, is pleased to announce that it has advised CoreStream on its sale to Marlowe PLC.

Founded in 2006 and headquartered in London, CoreStream’s SaaS platform supports large organisations with corporate compliance and risk management needs. CoreStream is a leader in the UK’s attractive GRC software market which is experiencing significant growth driven by clients demands for improved governance and risk management to address their increasing exposure to new and expanding regulation.

The acquisition of CoreStream broadens Marlowe’s digital and environmental, social and governance (ESG) service offerings and further deepens its relationships with leading blue-chip organisations.

Matthew and Richard Eddolls, Founding Directors of CoreStream commented:

“It has been hugely impressive watching the PCB team work on our transaction. They spent the necessary time to analyse our business and properly understand its dynamics, helping us form a credible narrative that the market responded well to.

Throughout the contractual and legal negotiations, the attention to detail and effort has been spot on and we have ended up with an exceptional, yet balanced, deal for both parties.

Above all, it has been a pleasure to work with PCB. When many of our sessions were taking place at the end of a long day, it was important that we liked the people we were working with. We think PCB struck the balance between pushing for the right deal while being fair and not creating unnecessary conflict.

We’ve achieved our aims of realising significant value up-front whilst having the opportunity to participate in additional upside through a well-crafted earn-out structure that ensures all parties are incentivised to drive growth in the business going forward.”

Mark Casement of PCB added:

“It was a pleasure to support the CoreStream shareholders on this transaction. The team have created a fantastic business in the rapidly growing governance, risk and compliance technology space. The business maintains a highly strategic position in the GRC market servicing an enviable blue chip client base. CoreStream is a great fit into Marlowe’s strategy and I’m sure the business will continue its strong growth trajectory under their ownership.”

PCB Partners advises Reply on the acquisition of Mansion House Consulting, a leading Financial Services consultancy.

December 2020

Reply S.p.A. has acquired 100% of the share capital in Mansion House Consulting and its subsidiaries, an international business and technology consultancy focused exclusively on the Financial Services sector. Specialising in Change Management, they deliver solutions and services to a base of Tier 1 clients in the UK, Europe, USA and Asia-Pac including some of the leading names within the financial services industry.

PCB started the mandate in May and completed the transaction in December. Commenting on the transaction, Riccardo Lodigiani, Head of M&A Reply said:

“We partner with PCB to find us special assets in particular market segments of Consulting and Digital Services. PCB Partners have worked at senior levels in our industry and indeed have entrepreneurs in their firm, that have successfully built and sold their own consulting businesses. This first-hand experience, their technology domain expertise and their deep network of industry contacts, is a fundamental factor of their success. They always deliver to the brief quickly and discreetly, which ultimately led to two acquisitions in our UK region in 2020, bolstering our Cloud capability and our Financial Services industry group.”

MHC are now part of Reply UK, delivering a broad range of consulting services across cybersecurity, payments and financial crime into the largest financial institutions.

About Reply

About Mansion House Consulting

Mansion House Consulting (MHC) is an international business and technology consultancy focused exclusively on the Financial Services sector. They provide high quality, practical and robust solutions to all areas of the industry through their teams of highly qualified consultants and experts.

Established in 2009 and headquartered in London they have a global presence through offices in London, Sheffield, Manchester, Frankfurt, Singapore, New York and Jacksonville, FL. https://www.mansion-house.co.uk/

PCB Partners advises Reply on the acquisition of Airwalk, a leading cloud transformation consultancy.

November 2020

Reply S.p.A. has acquired 100% of the share capital in Airwalk and its subsidiaries, a company specialized in innovative services based on design and consulting models defined according to the paradigms of Cloud Computing.

PCB started the mandate in April and completed the transaction in November. Commenting on the transaction, Riccardo Lodigiani, Head of M&A Reply said:

“We partner with PCB to find us special assets in particular market segments of Consulting and Digital Services. PCB Partners have worked at senior levels in our industry and indeed have entrepreneurs in their firm, that have successfully built and sold their own consulting businesses. This first-hand experience, their technology domain expertise and their deep network of industry contacts, is a fundamental factor of their success. They always deliver to the brief quickly and discreetly, which ultimately led to two acquisitions in our UK region in 2020, bolstering our Cloud capability and our Financial Services industry group.”

Airwalk are now part of Reply UK delivering services into their three key offering partners in the Cloud, namely, AWS, Azure and GCP.

About Reply

About Airwalk

AirWalk is a leading cloud transformation consultancy based in UK and Hong Kong, with expertise in delivering complex technology change programmes across financial services and the public sector. Delivering end-to-end transformation, from strategy and ideation through to execution and optimisation. https://airwalkconsulting.com/

PCB Partners advises Accenture on the acquisition of Mudano, a strategic data consultancy to U.K. financial services firms.

February 2020

Accenture (NYSE: ACN) has entered into an agreement to acquire Mudano, a specialist data consultancy serving financial services organisations across the U.K. The transaction will further expand Accenture’s capabilities in analytics, data and artificial intelligence (AI)-driven transformation. Financial terms of the transaction were not disclosed.

Mudano’s team of data specialists will become part of Accenture’s Applied Intelligence business, a global practice of more than 20,000 professionals dedicated to helping clients scale AI solutions, including approximately 6,000 data scientists, data engineers and AI experts. Mudano’s sector-focused data advisory capabilities and technology-led solutions will complement Accenture’s existing strengths, enhancing the firm’s ability to help clients deliver measurable outcomes and generate stronger returns from large-scale transformation initiatives.

About Mudano
Mudano is a data and machine learning business focused exclusively on the financial services sector. Headquartered in London, Mudano provides data solutions and consulting services to help financial services firms transition to an AI-powered future. Its unique combination of data expertise, AI research, industry knowledge and market access keeps Mudano at the forefront of that movement.

PCB Partners advises Accenture on the acquisition of Parker Fitzgerald, a strategic advisor and consulting partner to leading global financial institutions.

August 2019

Accenture (NYSE: ACN) has acquired Parker Fitzgerald, a specialist consulting and advisory firm serving leading global financial institutions. The acquisition will further strengthen Accenture’s Finance and Risk practice by expanding its capabilities across risk, regulatory advisory and financial technology. Financial terms of the transaction were not disclosed.

Founded in 2008 in the aftermath of the global financial crisis, Parker Fitzgerald provides advisory, assurance and technology-led solutions to financial services organisations. The firm supports clients in addressing financial and non-financial risk, responding to regulatory requirements and adopting innovative financial technologies, helping institutions manage complexity and improve risk-adjusted performance.

The addition of Parker Fitzgerald’s deep regulatory expertise and advisory capabilities will complement Accenture’s consulting and technology strengths. Together, the firms will enhance Accenture’s ability to support clients in navigating an increasingly complex risk and regulatory landscape across the global financial services sector.

About Parker Fitzgerald
Parker Fitzgerald is an award-winning strategic advisor and consulting partner to the world’s leading financial institutions. Headquartered in London, our global network of senior industry practitioners, technical experts and change specialists is trusted by the leaders of the world’s largest financial institutions, regulatory authorities and government agencies. We are experts in all areas of financial and non-financial risk, regulation and financial technology. We provide strategic advice, independent assurance and market-leading solutions to help our clients navigate their most critical issues, reduce complexity and improve their overall risk-adjusted performance. Our unparalleled knowledge and experience in financial services, world-class thinking and excellence in delivery has seen Parker Fitzgerald recognized as one of the most dynamic and progressive consulting firms in Europe.