Technology Holdings advises D+I on its strategic sale to Capgemini
Capgemini has completed the acquisition of Design + Industry (D+I), in a deal advised by Technology Holdings
Announced in June, the closing sees Capgemini, one of the world’s largest technology companies, formally welcome the 80-person team of D+I, one of Australia’s most celebrated product design firms. Founded in 1987, D+I has won over 260 local and international awards for design and engineering excellence since its inception, and currently operates with offices in Sydney, Melbourne and Newcastle.
Commenting on its sale to Capgemini, D+I chief executive officer David Jones said, “For over 35 years, Design + Industry has been the partner of choice to leading organizations who want to create world class, commercially successful products, from research and discovery through to concept design, prototyping and into product management.”
“D+I is enthusiastic about its partnership with Capgemini. Its end to end intelligent industry capabilities will be a natural home for our expertise, and its global reach and client base will provide unrivalled opportunities and experiences for our team members. We are excited to join them,” he continued.
The sale process was led by Technology Holdings, which according to Jones played an “instrumental role” in forging the match with Capgemini and successfully closing the deal. “Their strategic guidance, unmatched expertise, and unwavering commitment were instrumental in navigating us through the complexities of the M&A process.”
“Technology Holdings acknowledged our distinctive proposition as the foremost design and engineering partner in the region, orchestrating a methodical and exceptionally professional M&A process to pinpoint the ideal strategic collaborator and attain a premium valuation for our enterprise. Leveraging their extensive network of buyers worldwide, they garnered multiple offers, leading to a successful outcome beyond our expectations. We couldn't have asked for a better partner in this critical endeavor.”
Headquartered in London, Technology Holdings is a global boutique investment bank with offices in 11 countries across the Americas, Europe and Asia-Pacific. The firm has closed deals in 24 countries and has a team of 125 professionals globally.
Simon Croft, Associate Director of ANZ at Technology Holdings, said “We are delighted with the outcome achieved for Design + Industry and it has been a pleasure working with David and the team. This deal represents our 6th transaction in the ANZ region, and further demonstrates the strong interest that we’re seeing from large global technology acquirers to increase their presence throughout the ANZ region.”
Vivek Subramanyam, Founder and CEO of Technology Holdings, added: “We are excited to announce this transaction – our 10th product engineering deal. This transaction showcases Technology Holdings’ strong capabilities and experience in the product design and engineering landscape, and our leadership position in the ANZ region. We wish Design + Industry much success in this strategic partnership with Capgemini.”
Earlier this year, Technology Holdings was named boutique bank of the year at two separate M&A award ceremonies.
