Alantra advises sale of Objectivity to Accenture
Global deals advisory firm Alantra has played a key role in the deal which saw Accenture agree to purchase Objectivity. Alantra professionals supported Objectivity shareholders throughout the transaction.
Founded by Rob Helle in 1991 and headquartered in Coventry, Objectivity is an international IT software development company specialising in delivering custom software solutions, digital transformation, and IT consulting. Objectivity’s staff work with clients from a range of industries, including retail, health and social care, finance, manufacturing, and others.
As the value of the digital transformation advisory market continues to ramp up, Objectivity attracted the attentions of Accenture, which recently announced it had clinched a deal to add Objectivity’s more-than 700 staff to its digital consulting wing. Subject to customary closing conditions, the deal will see Objectivity’s global team bring additional scale and resources to Accenture’s already expansive cloud offering.
Objectivity’s shareholders were advised on the sale of the business by professionals from global investment banking firm, Alantra. Objectivity was advised by James Chapman-Andrews, Simon Roberts, Milan Vashi and Sheroze Malik.
Alantra’s UK Head of Technology, Chapman-Andrews, commented, “CEO Rob Helle and the Objectivity team have built a phenomenal business with an unparalleled delivery footprint and this transaction marks a major milestone for them. It has been a pleasure working closely alongside the team for the last 18 months to prepare for this event and we look forward to following their progress in this next chapter.”
A global alternative asset management, investment banking, and credit portfolio advisory firm, Alantra’s 650 professionals across Europe, the US, Latin America, and Asia focus on providing services to companies, families, and investors operating in the mid- market segment. According to a release from the firm, its involvement in the Objectivity transaction “underscores Alantra’s position as a leading advisor to businesses and investors in the technology consulting sector.” The transaction constitutes its team’s eighth technology consulting deal globally in 2023, having previously advised Perwyn on its investment in Datatonic, CloudStratex on its sale to Brillio, and FSP on its secondary private equity deal with CBPE, among others.
Chapman-Andrews added, “Global strategic and financial investors are actively pursuing opportunities, like Objectivity, that are driving growth through in-demand capabilities, a world-class client base and an established UK and European presence.”
