Arrowpoint Advisory's TMT sector team has advised the shareholders of Javelin Group, a provider of retail strategy consulting and digital transformation services, on its agreement to be acquired by Accenture. 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 Arrowpoint Advisory because they demonstrated deep knowledge of our sector, insight into Javelin Group's business, and relationships with all the key buyers. They were tireless in pursuit of our objectives, gave us sound advice throughout, and have delivered us an exceptional outcome in a tightly-managed process.”
Daniel Domberger, Managing Director at Arrowpoint Advisory, who led the transaction, commented: “Consumer brands and retailers face enormous opportunities and challenges in adapting to the evolution of digital technologies. The acquisition, in an extremely competitive process, demonstrates the value of Javelin Group's specialist expertise and reflects strong demand for strategy services in the retail market.”