BrazilYCP Solidiance acquires Chinese boutique consultancy Shenkuo
Shenkuo Business Partners, a boutique Chinese management consulting firm, has been acquired by YCP Solidiance.
Founded in 2015, Shenkuo Business Partners (Shenkuo) is a consulting firm specialised in strategy, business transformation, supply chain, and digital transformation, serving clients across different sectors. Shenkuo has two offices in Greater China (Shanghai, Hong Kong) and one in Europe (Paris).
Yuki Ishida, Director and Group CEO of YCP (the parent of YCP Solidiance), said the acquisition of Shenkuo builds on the group’s ambition to deepen its presence in China, and expand its management consulting business line.
“YCP has been actively seeking investment opportunities in order to achieve further growth in our management services division. In China, which is by far the largest economy in the fast-growing Asian region, Shenkuo has built a solid reputation having helped more than 50 global companies,” said Ishida.
Headquartered in Singapore, YCP Solidiance is an Asia-focused advisory and management consulting firm with 15+ offices around the continent. The firm has in recent years closed a number of deals to accelerate its organic growth path, including Auctus Advisors (now YCP Auctus) and Consus (now YCP Consus).
YCP Solidiance itself was formed through the merger of YCP and Solidiance, the deal closed in 2019.
“Our vision is to become a world-class consulting firm across Asia and its major markets, and the integration of Shenkuo is a next step in that ambition,” said Ishida.
Meanwhile, for Shenkuo, the joining of forces with the larger counterpart “marks the beginning of an invigorating next chapter for all our stakeholders,” said Thomas Pernin and Laurent Fihey, co-founders and senior partners at Shenkuo.
“At Shenkuo, we’ve always been passionate about delivering innovative strategies, high-impact business and digital transformations and optimized supply chains for our clients. Now, as we integrate into YCP Solidiance’s network, our expertise in these critical areas will be supercharged with an extended presence in Asia and Europe.”
