Equiteq advises Pathway to Your Potential on Mercer Australia alliance
Mercer Australia has announced a new strategic alliance with talent development programme Pathway to Your Potential (P2YP). The transaction was completed in the final quarter of 2017, with the support of B2B services sector M&A advisory firm Equiteq, who counselled P2YP’s founder on the deal.
Pathway to Your Potential is a leadership, talent and diversity programme aimed at delivering transformational change to clients, by creating and delivering innovative experiences with measurable impacts. In order to do this, P2YP implements a series of interactive workshops – created by the programme’s founder Dr Jess Murphy – to support an organisation's broader talent, leadership and diversity initiatives.
The package is designed to empower diverse talent, particularly capable and competent women and introverts, with the confidence to take action – something that is increasingly important in an age of growing public scrutiny for businesses lacking in diversity. Murphy founded P2YP with an aim to disrupting traditional corporate structures to move them into the 21st Century mindset, and, with the consulting industry increasingly being tapped by clients to deliver HR and digital HR transformation in order to best engage with top talent, the programme has understandably attracted the attention of management consulting firm Mercer.
Mercer, which is a wholly owned subsidiary of professional services network Marsh & McLennan Companies, delivers advice and technology-driven solutions that help organisations meet the health, wealth and career needs of a changing workforce. Across the Pacific, organisations look to Mercer for global insights, thought leadership and product innovation to help transform and grow their businesses. As such, Mercer has sought to strengthen its inclusion consulting practice, by way of a strategic alliance with Pathway to Your Potential.
On top of boosting Mercer Australia’s capacity for HR solutions in the Pacific region, the alliance also represents the next stage of P2YP’s international growth and expansion strategy. The talent and diversity development organisation hopes that the synergies for both parties in terms of scale, brand and value will help propel P2YP to a global level.
Garry Adams, Leader of Mercer’s Career Business in the Pacific commented on the agreement, “This partnership will deliver real value to our clients, empowering them to take practical actions towards attracting and retaining diverse talent and building a culture where difference is valued and included.”
The deal was advised on by global consulting firm Equiteq. The M&A experts consulted with Dr Jess Murphy regarding the alliance throughout negotiations.
Commenting on working with Equiteq, Murphy said, “Equiteq were highly experienced in working with consulting firms and switched-on when it came to bringing the best out of P2YP. Their unique approach in articulating and emphasising the power of P2YP’s IP played an important role in successfully securing an alliance with Mercer which backed P2YP’s aspirations and ensured alignment with Mercer’s interests.”
Equiteq Australia Managing Director Pierre Briand added, “We are delighted with the outcome of the alliance. Dr Jess Murphy has built an incredible armoury of intellectual property that will positively serve the modern corporate environment and its future leaders. Mercer is the right partner to help P2YP scale its offerings and accelerate the impact of its services on both the national and global level.”
