OC&C Strategy Consultants enjoys bumper year

17 January 2020 Consultancy.uk 3 min. read

The M&A team of OC&C Strategy Consultants had a busy year in 2019, having advised on 70 acquisitions around the globe, including several multi-billion transactions and IPOs.

OC&C Strategy Consultants is an expert in strategic consulting services. Its M&A team provides commercial advice, delivering value for companies and investors across the globe via deal strategies, acquisition scans, due diligence, synergy evaluation and more. Building on a growing client base, the firm spent last year advised on a record number of completed deals spanning all of its offices and sectors.

At the start of 2019, OC&C provided TES Global with strategic advice and vendor due diligence support, before it was purchased by private equity firm Providence for an undisclosed fee. Headquartered in Britain, TES is the 5th largest initial teacher training organisation in the UK, supporting a network of 11.6 million teachers and schools throughout the world. The firm’s M&A team was led by partners Pedro Sanches and Zee Ashraf.

The leisure space also remained very active for the firm, with highlights of successful deals OC&C supported ranging across all manner of sectors. It supported Greene King through its acquisition for £2.7 billion by CKA, as well as helping with deals for Nordic home-ware firm Wendelbo and vacation booking company ABI Caravans.

M&A team of OC&C enjoys bumper year

In the travel sector, OC&C advised o the Carlyle acquisition of Amex Global Business Travel. American Express Global Business Travel helps employees of companies with their travel arrangements. In late 2019, part of the stake in the firm owned by the Certares led-investor group was sold to Carlyle Global Partners, Singapore’s sovereign wealth fund GIC, the University of California Office of the Chief Investment Officer of the Regents and Kaiser Permanente.

Notably in 2019, the consulting firm also aided clients with a number of huge initial public offerings. OC&C advised on KKR’s £1.7 billion IPO of Trainline. The move saw a group of Trainline investors, led by its biggest shareholder KKR, completely cash out of the online rail bookings company, months after the group had one of this year’s most successful European initial public offerings.

The firm similarly supported Schibsted with a £5 billion IPO of Adevinta. The fundraising drive was Norway’s largest IPO since 2006, and the fourth biggest overall, exceeded only by the past listings of Equinor, Telenor and REC Silicon. Breaking with Schibsted was hoped to make it easier for investors to value Adevinta’s assets, by comparing with listed peers such as Britain’s Autotrader and Rightmove, Australia’s REA Group and New Zealand’s TradeMe.

The firm’s US office also supported CVC in its acquisition of Teneo, a US professional services firm. The transaction resulted in CVC Fund VII becoming the new private equity partner to Teneo, replacing BC Partners, which became an investor in the company in 2015. The investment by CVC Fund VII will provide significant opportunity for the continued growth of Teneo's operations.