Private equity firm Livingbridge injects capital into TSA Management

11 December 2017

Australian consulting firm TSA Management recently received an investment from UK based private equity firm Livingbridge.

TSA Management was established in 2001 and is a consulting firm which specialises in programme and project management. The firm comprises of over 150 staff, of which 31% is female (well above the national average of 11% in the construction industry) is spread across the East Coast of Australia with a presence in Sydney, Melbourne, Brisbane, Newcastle as well as Canberra. TSA Management’s has completed over a thousand projects for private and public clients in both the infrastructure and property sectors.

TSA Management’s CEO Andrew Wilson recently made public that the Australian consultancy firm received an injection of capital mid-market private equity firm Livingbridge. The move by Livingbridge, a company that invests heavily in companies who show potential for quick growth, is a strategic collaboration between the two parties.

UK-based Livingbridge recently opened their first office in Melbourne and the investment is the first on Australian soil. Livingbridge also recently branched out into the United States with an office in Boston and have won the  Real Deals Private Equity Awards 2017 ‘UK House of the Year’ award.

Wilson refrained from making public more substantial details of the private equity firms expansion strategy but mentioned that the investment will support the firm in new sectors and geographies. TSA itself in January this year expanded with a new office in Newcastle, headed by Paul Muir, an experienced construction expert. “We look forward to capitalising on both Livingbridge's investment and their know-how to support our growth plans,” said Muir.

TSA Management Highlighting TSA’s attraction to Livingbridge

Managing Director of Livingbridge Australia Gareth Young, said, “TSA has built a talented workforce, specialist experience and long-standing client relationships across a diversity of infrastructure and property markets. We are excited to help them progress to the next stage of their growth.”

M&A consultancy Equiteq facilitated the capital injection between the two firms. Equiteq is one of Livingbridge’s trusted advisors for international expansion opportunities and also provides transaction support. Livingbridge and Equiteq have collaborated together on multiple deals including investments in Four Eyes Insight (the UK-based clinical consulting firm) and Gibraltar based IT services firm The Test People.

Pierre Briand, Managing Director of Equiteq Australia stated: “We are delighted that Livingbridge chose Equiteq for their first Australian investment. Not only is the TSA Management deal a milestone for us and our client, it is an example of the infrastructure boom, a growing and key sector for the Australian economy.” The transaction closed on the 1st December 2017.

Livingbridge’s Young added that, “Equiteq were invaluable in providing sector specific advice to support our investment in TSA Management.”

Equiteq in Europe were also involved last week in closing a deal between Assystem, a French engineering group and Belgian life sciences firm The Biotech Quality Group.


Deloitte bolsters digital capabilities with The Terrace Initiative

19 April 2019

Global professional service firm Deloitte has bolstered its capabilities in the cloud computing domain through the acquisition of management consultancy The Terrace Initiative, which is based in Perth. The acquisition gives Deloitte access to Alchymy, which is a insight-driven digital portal. 

The Terrace Initiative was established in 2013 as a management consultancy, offering a wide range of services including organisational change management, project management, risk management and business analysis. The firm is based in Perth, with an additional office in Sydney.

The firm offers support with digital transformation and is adept at dealing with services in the Industry 4.0 domain, making it an enticing prospect for Big Four accounting and advisory firm Deloitte. Specifically, Deloitte is aiming to acquire capabilities in Alchymy, which is an insight-enabled change management platform.

Alchymy was devised to cope with the high-speed environment that is characteristic of the contemporary business environment. The firm is hosted in the digital domain, and delivers data-driven insights that are computed in real time on a singular dashboard for organisations.

Deloitte bolsters digital capabilities with The Terrace Initiative

Leaders have an overview of the progress being made in different areas of their organisation, with simultaneous identification of any barriers being faced in any domain. Alchymyst offers visual representation, which enables the quick deciphering of progress and issues, allowing for speedy action. 

The platform will significantly enhance Deloitte’s capabilities. Conditions of the transaction dictate that the joint CEOs at The Terrace Initiative – Melissa Bell and Corrie Scheepers – will join Deloitte at a Partner level, and will lead a new change management division. All roughly 50 The Terrace Initiative employees will also join the big four accounting and consulting giant.

The acquisition comes amid a period of expansion for Deloitte Australia. Since the start of this year, the firm has made a foray into the New Zealand market with its digital vertical, in addition to the acquisition of risk consultancy Converging Data Australia.

Managing Partner of Consulting at Deloitte, Kaylene O’Brien, said of the acquisition, “The digital age is driving organisational change at an unprecedented rate. Managing the human aspects of these changes is incredibly complex and generates large amounts of data that has traditionally been hard to capture and interpret.”

David Brown, Leader of Human Capital at Deloitte added, “The world of work is rapidly changing. The future of work, workers and the workplace are all being disrupted by technology, in a myriad of ways. Successful change initiatives and inspired cultures rely on agile, flexible and innovative leaders, and the effective use of data will become increasingly important.”