Deloitte - Grant Thornton merger in Philippines falls through

06 June 2014 Consultancy.uk

The merger between the member firms of Deloitte and Grant Thornton in the Philippines has fallen through.

In January both firms announced that Punongbayan&Araullo (P&A) and Navarro Amper& Co (NA&Co), the member firms of Grant Thornton and Deloitte respectively, had agreed to merge. The Memorandum of Agreement (MoA) set the target to merge effective July 2014. The combined entity would have 34 partners and more than 1.000 employees, making it one of the largest professional services providers in the country. Technically the firm would continue as PunongbayanAmper& Co, and belong to the global network of Big 4 firm Deloitte.

Deloitte Grant Thornton Merger Philippines

Following a detailed due diligence and integration planning phase the Memorandum of Agreement has been terminated. Reasons have not been given, although media in the Philippines speculate that the partner teams could not agree on a joint client and internal strategy. In addition, cultural differences also played a role.

The Global CEO of Grant Thornton International, Ed Nusbaum, is satisfied with the fact that it has been able to retain its local member firm. ''We have a strong global strategy and provide the right environment for ambitious, dynamic firms to unlock their potential for growth. I look forward to continuing to work with the partners and employees of PunongbayanAmper& Co for many years to come.''

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”