BrazilYCP buys procurement and supply chain provider Consus
Asian professional services group YCP has acquired Consus, a procurement and supply chain consultancy and solutions provider with around 100 staff in eight countries.
Headquartered in Singapore, YCP Group is a group with two lines of business: management consulting and investments. With the acquisition of Consus, YCP increases its office footprint to 21 worldwide (16 in Asia, 1 in the Middle East, 2 in the United States, 1 in Canada, and 1 in Europe), and its team to over 450 professionals.
The move deepens its supply chain and procurement offerings, and marks its entry into the solutions and management services segment for procurement spend.
Founded in 2010 in India, Consus has since its inception grown into an end-to-end provider of procurement and supply chain services. The firm’s advisory offerings focus on strategic sourcing, category management, supplier management, and procurement operations. Its solutions portfolio includes tools for e-sourcing, e-auctions, and contract management, among others.
According to its own records, Consus has managed over $25 billion of procurement spend, with over two thirds of its customer base retained for over five years.
“We have been actively seeking business expansion in the consulting sector,” said Yuki Ishida, Director and Group CEO of YCP Holdings. “Consus provides expert procurement and supply chain consulting services, a segment that is becoming increasingly important in an ever-complex and diverse international market environment.”
Ishida added that the bolt-on is part of YCP broader strategy to “accelerate its growth with the aim of becoming a professional services firm which leads Asia.”
The deal comes months after YCP Solidiance, YCP’s strategic-focused consulting wing, acquired Auctus Advisors, an India-based management consultancy with around 150 staff.
Meanwhile, for Consus, the joining of forces with YCP (listed on the Tokyo Stock Exchange) will enable the firm to “become a more formidable force in the market while at the same time support continued innovation in the procurement space,” said Shantanu Bhowmick, Chairman and CEO of Consus.
During the deal process, Consus was advised by Equiteq, a global dealmaker for the professional services landscape. Notably, it is the second time Equiteq completed a sale mandate with YCP as the buyer; in 2018, Equiteq represented Solidiance during its sale to YCP.
