Bevington Consulting

333 Capital acted as the exclusive financial advisor to Bevington Consulting on its sale to global management consultancy Argon & Co. The resulting transaction with Argon & Co provides Bevington Consulting with an ideal partner to expand service offerings, extend their geographic reach and pursue further strategic growth opportunities. 

Background

Bevington Consulting Pty Ltd (‘Bevington’ or the ‘Business’) is a market leading consultancy at the forefront of operating model design, restructuring, process reengineering, digitisation and artificial intelligence. The Business was owned equally by two shareholders – one shareholder was exiting the business, while the other was to remain with the business and committed to guiding the Business through the next stage of growth.

Argon & Co (‘Argon’) is a global management consultancy that specialises in operational strategy and transformation. With expertise spanning supply chain planning, manufacturing, logistics, procurement, finance, and shared services, they work together with their clients to transform their businesses and generate real change. Argon has 17 offices across Europe, Australasia, America, Asia and the Middle East.

333 Capital was engaged by the shareholders of Bevington as the exclusive financial advisor to identify a partner to help accelerate growth and capitalise on Bevington’s market leadership. 

How we helped 

333 Capital prepared a tailored transaction process to provide the vendors with a choice of growth partners with global reach on favourable terms. Ultimately, the process resulted in an outcome that exceeded expectations, whilst facilitating both the exit of one shareholder and the continuation of the other. 333 Capital’s role as lead advisor included:

• Designing the overall transaction strategy to ensure each shareholders’ objectives were met.
• Assistance with preparing the business for sale including supporting preparation of strategic agendas and preparation of comprehensive marketing documents (both qualitative and quantitative).
• Identifying, targeting and engaging with potential growth partners including financial sponsors and trade buyers.
• Facilitating an efficient due diligence process including managing a fulsome data room, external advisors, insurers and the Q&A process.
• Driving the transaction process whilst minimising the burden on Bevington’s management and shareholders.
• Negotiating a comprehensive suite of transaction documents.

The result

333 Capital introduced a number of potential suitors and assisted the shareholder with evaluating proposals. The process ultimately led to Argon & Co acquiring Bevington, launching the next stage of its strategic growth.

The 333 Capital deal team was Michael Gregory, Jason Bignell, David Leahey and Stephanie Jiang. This transaction builds on 333 Capital's track record of advising clients in the business services and technology enabled services sectors, including:

• Armitage Associates on its sale of Droppoint to Pemba Capital Partners;  
• Ndevr Environmental on its sale to Anthesis Group;
• ConnellGriffin on its partnership with Pemba Capital Partners;
• Oobe on its sale to Fujitsu;
• Infrastructure Advisory Group on its partnership with Yorkway Partners;
• Pragma Partners on its sale to NRI Australia & New Zealand (ASG Group); and
• HPS Tech on its investment from Straight Bat Private Equity.