Livingstone, an international mid-market M&A and Debt Advisory firm with a strong presence in Chicago has advised shareholders of Javelin Group, a provider of retail strategy consulting and digital transformation services, on its agreement to be acquired by Accenture. Led by Livingstone’s Media & Technology team, the acquisition will expand the capabilities of Accenture Strategy to help the world’s leading retailers and consumer brands accelerate their digital transformation.
Terms of the acquisition have not been disclosed, and completion of the acquisition is subject to regulatory approval and other customary closing conditions.
Javelin Group offers a range of strategy services to the retail sector as well as digital technology consulting and systems implementation services. The company is based in London and generates approximately half its revenues outside the UK. It employs more than 160 people.
Tony Stockil, CEO of Javelin Group, explained: “We appointed Livingstone based on their deep knowledge of our sector, insight into our business, and relationships with all the key buyers. They were tireless in pursuit of our objectives, gave us sound advice throughout, and have delivered an exceptional outcome in a tightly-managed process.”
Daniel Domberger, Partner at Livingstone London, who led the transaction, commented: “Consumer brands and retailers face challenges and opportunities as they adapt to the evolution of digital technologies. This acquisition demonstrates the value of Javelin Group’s specialized expertise and reflects strong demand for strategy services in the retail market.”