Equiteq completes three deal mandates in Asia Pacific region

04 May 2023 Consultancy.asia 4 min. read
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Global M&A consultancy Equiteq has capped a busy few weeks in Asia Pacific, seeing three of its transaction mandates come to a successful completion.

With offices in London, New York, Boston, Paris, and two in Asia Pacific – Singapore and Sydney, Equiteq is one of the leading investment banking and corporate finance advisory firms to the professional services and technology sectors.

In recent weeks, Equiteq has completed two sell-side mandates, following the sales of Singapore-based Hello Technology to Australian counterpart Soprano Design, and India-based Consus Global to Japan-headquartered YCP. Meanwhile, out of Australia, Equiteq helped TSA Management make a grand entrance in the UK market with the bolt-on of Henry Riley.

Equiteq completes three deal mandates in Asia Pacific region

Buy-side work

Announced yesterday, Management (a portfolio company of Quadrant Private Equity) has added 200 staff to its team with the acquisition of Henry Riley, a UK-based project management and quantity surveying business.

TSA Management already operates across Australia, New Zealand and Malaysia, and now adds 9 offices in the UK to its outfit. Its global headcount has jumped to 850-strong.

Equiteq acted as corporate finance advisor to TSA Management, flanked by Minter Ellison as legal advisors.

Commenting on Equiteq’s role in the transaction, Stacie Gibbons, General Manager of Growth & Development at to TSA Management, said: “The Equiteq team provided valuable support all the way through the acquisition process helping us to smoothly navigate through a very complex cross-border transaction. They were a pleasure to work with and we were glad to have them on our team.”

Alex Monck, Managing Director ANZ at said: “It has been a privilege to advise Quadrant Private Equity backed TSA Management on its first major acquisition beyond the APAC region. We are very proud to have played a role in a very significant strategic move for TSA Management.”

Jean-Louis Michelet, Alex Monck, Arun Nayak

Sell-side to larger counterparts

Meanwhile, in Singapore, Equiteq acted as financial advisor to Consus Global, an international procurement & supply chain solutions provider, during its sale to YCP, an Asia-focused professional services firm listed in Japan. The deal was announced late April.

Consus Global will become part of YCP’s consulting business, and adds around 100 staff to YCP, lifting the size of its team to 450.

Commenting on Equiteq’s role, Shantanu Bhowmick, CEO and Founder of Consus Global said: “The Equiteq team have been fantastic partners throughout the process. Their hands-on approach to engagements helped us navigate through a complex, bespoke process to find the right partner in the form of YCP for the next phase of Consus’ growth roadmap. We are thankful for their efforts and guidance to help steer us through this journey.”

Jean-Louis Michelet, Managing Director and Head of Equiteq for Asia Pacific, stated: “YCP is a highly focused, visionary player in the consulting industry… and the perfect home for Consus. We are pleased to have helped complete this transaction.”

Also in Singapore, Equiteq acted as financial advisor to Hello Technology, which has been acquired by Sydney-headquartered Soprano Design for an undisclosed sum. Both companies are active in the mobile messaging technology business, with the deal supported by Equiteq’s technology-sector focused team. The deal was announced on April 18, 2023.

Commenting on Equiteq’s role, Kevin Yang, CEO and Founder of Hello Technology said: “Throughout the transaction process, the Equiteq team were always available to guide us through all the complexities and challenges in a number of successive critical phases. I am grateful to them for having been our ever-present trusted advisor towards the successful outcome of the coming-together with Soprano Design.”

Arun Nayak, a Director at Equiteq, stated: “Kevin and his team have built over the past two decades a business which is truly one of its kind in the CPaaS space in Singapore. Hello Technology has found its perfect match with Soprano Design. We are proud and happy to have been instrumental in helping these two great companies combine their unique strengths and get poised to get to more successes together.”

In recent years, Equiteq has been involved with many of the consulting industry’s most notable deals, including transactions featuring Accenture, Ankura, Bain & Company, Kearney, EY, Analysys Mason, Oliver Wyman, PA Consulting, and Sia Partners.