BCG Digital Ventures buys consulting firm S&C

25 August 2014 Consultancy.uk

Global consulting firm Boston Consulting Group (BCG) has bought Strategic & Creative (S&C), a digital design firm based in Sydney, Australia. Twenty consultants will join BCG, and be integrated into its ‘Digital Ventures’ business unit. Financial details of the transaction have not been disclosed.

S&C was founded in 2008 by Michael Priddis, and has since grown to a leading design firm in Australia. The fast-growing company – in 2013 S&C was recognised by BRW magazine as the 19th fastest growing company in Australia – is based in Sydney and consists of roughly 20 consultants, data marketeers and designers.

For The Boston Consulting Group, the digital landscape is one of its key strategic focus areas for the coming years. Following the preferences of several competitors*, BCG earlier this year decided to launch a separate brand – dubbed ‘BCG Digital Ventures’ – for its digital service offerings. The unit supports clients with, among others, digital product innovation, development and commercialisation. BCG Digital Ventures was initially setup in the US, run mainly from offices Los Angeles, San Francisco, Seattle and Boston. Following a large influx of Booz Digital** consultants in February, the team in the US and Europe ramped up to approximately 300 digital specialists.

To boost its presence in Asia-Pacific, BCG has decided to acquire S&C. The new unit will serve as the founding team of BCG Digital Ventures Asia and as a launch pad for further expansion on rest of the continent. “We are excited that S&C is now part of the Digital Ventures and BCG team, further accelerating the expansion of our digital innovation platform in Asia,” says Jeff Schumacher, CEO of BCG Digital Ventures and a former consultant of Accenture, Deloitte, IBM and McKinsey & Company.

BCG aims to turn Sydney into an innovation centre for Asia to match Silicon Valley in the US. The company sees opportunities in the region, particularly in markets like China, which already has four of the world’s top 20 listed internet companies, including Tencent and Baidu. “Having a team of S&C’s caliber as part of Digital Ventures in Sydney will augment our impact in Australia and accelerate our momentum in Asia-Pacific,” adds Patrick Forth, global leader of BCG’s Technology, Media & Telecommunications practice and a member of the BCG Digital Ventures board.

* For example: Accenture (Accenture Digital), Capco (Capco Digital) and Deloitte (Deloitte Digital).

** Booz Digital was the ‘Digital’ label of Booz & Company. Following the acquisition of Booz & Company by PwC, the consulting firm has been rebranded to Strategy&.

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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.”