Mike Creasey heads M&A and Divestments unit of Moorhouse

01 April 2016 Consultancy.uk

Mike Creasey has left Deloitte to join business transformation consultancy Moorhouse as Client Director, a position that will see him leading the merger, acquisition and divestment service line. Creasey has more than 15 years’ experience in the consulting industry.

Prior to joining Moorhouse, a London-based management consultancy, Mike Creasey spent 5,5 years with Deloitte, most recently serving as a Director in the firm’s Integration & Separation unit (a service line within Deloitte’s Corporate Finance practice). He joined the Big Four in the summer of 2010, after spending – also 5,5 years – with rival KPMG, where he was part of the integration and separation advisory team in KPMG's transaction services arm. At both advisory firms, Creasey’s work spanned every stage of the deal cycle, from pre-deal business case development through to post-deal integration planning and execution. He also has extensive experience in managing divestment programmes, including BU separations and carve outs.

Creasey started his career in 1998 with KPMG Consulting, which in 2002 was rebranded as Atos KPMG Consulting following Atos’ acquisition of KPMG Consulting*, a move that was part of the wider consulting carve outs that at the time dominated the accounting landscape in the aftermath of the Enron scandal in the US. At Atos Consulting, Creasey grew through the ranks to the role of Principal Consultant before he moved (back) to KPMG Consulting in 2005.

Moorehouse

Over the past 15 years Creasey has worked for blue chip clients across a number of sectors including energy and natural resources, business services and consumer business. Companies he advised include Royal Philips, Co-operative Group, Unilever, GSK, Glencore, Shell, Wolseley, Ford, Santander, Bank of America and RBS.

In his new role at Moorhouse, Creasey will lead the firm’s M&A practice, which focuses mainly on the deal execution side of transactions. “In the last few years Moorhouse has built a reputation for supporting clients in the successful delivery of high profile deals”, states Stephen Vinall, Partner at Moorhouse. Reflecting on Creasey joining the firm’s ranks, Vinall says “With his deep, cross-sector experience, Mike will be instrumental in leading the acceleration of this business critical capability for Moorhouse that will further ensure our clients’ success.”

With the M&A market on a high – globally almost $5 trillion in deals were noted according to McKinsey & Company – and with the UK deal market no exception, Vinall says demand for deal support is expected to be rosy the coming months. “2016 continues to show significant levels of activity”, says the Partner. According to EY, more than half (59%) of executives are currently looking to invest in acquisitions, up from just 31% two years ago. 

Realising synergies and business case drivers remains an issue, however. “Our recent Barometer on Change clearly showed that, although nearly two-thirds of FTSE 250 companies, UK multinationals and major public sector organisations have recently undergone or are about to undergo a merger, acquisition, or divestment, just 29% of those have managed to realise the anticipated benefits.” Vinall says that there is therefore a “clear need” for the expertise of specialists that are able to “ensure that major corporate transformation initiatives deliver their full potential value.”

Mike Creasey - Stephen Vinall

For deal value to be captured a string of factors should be in place, including strong leadership capacities and a rigid due diligence process. A recent study by Mercer reveals that human capital considerations too should be incorporated into M&A roadmaps, while another study earmarks integration capabilities and speed of deal execution to be among the most important factors for successful benefit realisation. 

* In 2002 Atos bought the British and Dutch arms of KPMG Consulting for a fee of €657 million (then £423 million) from under the nose of the separately listed US-based KPMG Consulting.

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Rapid growth sees Quantum Advisory promote trio of partners

18 April 2019 Consultancy.uk

Three senior level consultants have been boosted to the rank of Partner at Quantum Advisory, as the firm works to meet heightened levels of client demand. Aled Edwards, Amanda Burdge and Chris Heirene become Partners as long-time Quantum member Rob Davies retires in May after 15 years as a Partner at the firm.

Founded in 2000, Quantum Advisory provides pension and employee benefits services to employers, scheme trustees and members, with five offices across the UK. The firm has enjoyed exponential growth in recent years, following a number of major client wins and booming demand for its services. It opened a new office in Bristol in 2016 to service the South West and in 2017 relocated its Cardiff office to a larger site within the Welsh capital to house the increased workforce. More recently, Quantum relocated its Amersham, Birmingham and London offices to more spacious premises in the centre of both cities to cope with demand.

The financial services consultancy, which employs 115 people across the UK, has promoted three senior team members to Partner, as part of its wider growth plans. The firm has moved Aled Edwards from Principal Consultant & Actuary, while Amanda Burdge has ascended from Principal Investment Consultant. Chris Heirene, former IT Manager, has also joined the ten current Partners at Quantum.

Aled Edwards most recently managed the actuarial team within Quantum’s Cardiff office as well as providing technical training for all staff. He boasts more than 17 years of pensions experience. He started his career as an Actuary at Jardine Lloyd Thompson’s Bristol wing, before joining Quantum in 2011. Edwards is also the President of the Welsh Actuarial Society (WAS), which supports actuaries and actuarial students living or working in Wales.

Rapid growth sees Quantum Advisory promote trio of Partners

Amanda Burdge joined Quantum’s team in 2001, as one of the fledgling firm’s first employees. Most recently she was a Principal Investment Consultant with the firm, and with more than a quarter of a century’s experience in the sector, she is responsible for providing investment advice to many of Quantum’s key clients with both defined benefit and defined contribution schemes. Prior to her time with Quantum, Burdge spent two years as a consultant with SBJ Benefit Consultants (now Capita), and three years with Tesco Pension Trustees. She currently sits on the Regulation Committee for the Pensions Management Institute.

Chris Heirene initially worked with Quantum as an IT Consultant with Teamwork Technology Services and then UES for over five years, before finally joining the firm itself in 2011. He is now responsible for Quantum’s IT systems across all of its offices, including the network and core server infrastructure which supports the business. Heirene is heavily involved in utilising IT to improve and build upon the processes in place throughout Quantum.

David Deidun, Partner at Quantum Advisory, said of the promotions, “This is a very exciting time for Quantum. The recent round of promotions fully recognise the hard work and dedication shown by the three, all of whom go above and beyond for the company. I’ve no doubt that Aled, Amanda and Chris will settle into their new roles with ease and look forward to working together to grow Quantum even further.”

The news comes as Rob Davies retires in May, after spending fifteen years as a Partner at Quantum. A qualified actuary, Davies was instrumental in setting up Quantum’s Investment Division, specialising in aiding clients with their investment strategies. He will remain with the company on a part-time consultancy basis, while working with several clients in the Fiduciary Manager area.