Jacobs Acquires 65% Stake in PA Consulting

PAI Partners Agrees to Acquire Majority Stake in ECF Group

June 14, 2023

Logistics & Distribution

PAI Partners has made a binding offer to acquire a majority stake in ECF Group from French private equity firm Naxicap Partners, with Naxicap remaining a minority investor alongside management. ECF is an omnichannel B2B distributor of equipment, consumables and hygiene products for hospitality and care professionals, headquartered in Grigny, France (~1,750 employees, ~€760m revenue); PAI intends to accelerate growth organically and via acquisitions to consolidate the fragmented market.

Consortium Including Pittco, Arch Capital, BTG Pactual Acquires 10% Stake in Pershing Square for $1.045B

June 13, 2024

Financial Services

A consortium of strategic investors led by Pittco Management, Arch Capital Group, BTG Pactual, Consulta Limited, ICONIQ Investment Management, and Menora Mivtachim purchased a 10% common equity interest in Pershing Square Holdco, L.P. from Pershing Square Capital Management for $1.045 billion. The transaction is a minority primary equity sale that brings long-term institutional and strategic investors into the previously employee-owned investment firm.

Apax Partners Acquires PIB Group from The Carlyle Group

January 25, 2021

Insurance

Funds advised by Apax Partners acquired PIB Group alongside PIB's management team; The Carlyle Group (PIB's existing investor) will re-invest for a minority stake. Financial terms were not disclosed; Apax said the investment will support PIB's continued organic growth and accelerated M&A and international expansion. PIB is a diversified insurance intermediary employing over 2,000 people across the UK, Channel Islands, Ireland, Germany, Poland and India.

Investcorp and PSP Investments Recapitalize CrossCountry Consulting

December 6, 2022

Consulting

Investcorp, together with Public Sector Pension Investment Board (PSP Investments), acquired a majority stake in CrossCountry Consulting in a recapitalization transaction; RLH Equity Partners reinvested and CrossCountry founders remain significant shareholders. The capital injection is intended to accelerate CrossCountry's geographic expansion, broaden service offerings (including technology-enabled advisory and cybersecurity), and support add-on acquisitions.

Sia Partners Acquires PPT Consulting

December 7, 2021

Consulting

Sia Partners has acquired PPT Consulting, a Philadelphia-based management and IT consulting firm founded in 2003 that specializes in project management, business and process transformation, and organizational change management. The deal expands Sia Partners' US footprint—adding a Philadelphia office and 50+ consultants—and strengthens its capabilities in Healthcare/Life Sciences, Communications, Manufacturing and Chemical sectors.

Accenture Acquires Beacon Consulting Group

September 8, 2022

Consulting

Accenture plc has acquired Beacon Consulting Group, a Boston-based advisory firm serving the North American asset management industry. Beacon will join Accenture's Capital Markets practice to deepen Accenture's asset management consulting capabilities; financial terms were not disclosed.