EY Advisory acquires Centre Consulting and CFORS

15 October 2014 Consultancy.uk

EY has in the Netherlands expanded its EPM consulting services to the financial sector with the acquisition of two companies: Centre Consulting and CFORS. Approximately 30 employees will transfer to EY Advisory. Financial details have not been disclosed, closing is expected within the next couple of months.

Centre Consulting, founded in 2005, supports large international clients with Enterprise Performance Management (EPM), including services focused on financial consolidation, budgeting, planning, and forecasting. CFORS, established in 2012, develops software solutions for banks and insurers to meet new reporting guidelines, such as Solvency II, CRD IV and IFRS 4.

EY buys Centre Consulting and CFORS

In line with EY’s ambition to further expand its Advisory business, the accounting and consulting firm has decided to buy Centre Consulting and CFORS. The acquisition will give a large boost to its Benelux EPM service – in total 30 professionals will move to EY – with a focus on the financial sector. “It will boost our position as market leader in this sector,” says Rob Lelieveld, Country Lead Partner Financial Services at EY in The Netherlands. Centre Consulting and CFORS will, after closing, be integrated within the Advisory practice of EY.

According to Klaas van de Geest, CEO of Centre Consulting and CFORS, the integration with EY Advisory will provide opportunities for the service portfolio as well as for the employees. “Through the acquisition, Centre Consulting and CFORS will gain access to a bigger, international customer base, which will enable faster growth. Furthermore, our employees will have more career opportunities in a bigger organisation such as EY, also on the international level. In addition, we are in agreement with the culture at EY: a professional firm, where proactivity and entrepreneurship is appreciated.”

Rob Lelieveld and Klaas van de Geest

EY Advisory
EY has lately been on a worldwide expansion spree of its Advisory practice. Between 2008 and 2014, its Advisory grew with as much as 71%, making it by far the fastest growing service line of the Big 4 firm. In the last fiscal year, Advisory grew with 13.5%, driven by both organic growth and by a number of acquisitions, including the likes of among others Greenwich Consulting, global strategy consultancy The Parthenon GroupNet BalanceSweeney Research and Corporate Quality Consulting.

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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.”