
Future Friendly, established in 2004, is a digital product strategy and development studio.
EY is a professional services partnership with global operations.
The sellers sought to enhance credibility for delivering projects to larger clients while providing staff with greater development opportunities and long-term career paths.
EY aimed to acquire a key missing capability in their services – specifically a digital studio – while maintaining Future Friendly’s branding within EY.
The deal enabled Future Friendly’s founders to become EY partners, with the business forming EY’s new business transformation offering for clients across Oceania.
Future Friendly engaged SCD for advisory services following an approach from a Big 4 consultancy, due to SCD’s experience with strategy consulting firms. Given the highly active market and demand for digital transformation skills, SCD implemented a full sale process. SCD handled much of the preliminary bidder Q&A and prepared the management team for a significant number of management presentations, ensuring the process moved efficiently.
SCD brought deep expertise in dealing with partnership-based buyers and leveraged its strong credibility in the local professional services market. This experience allowed SCD to generate substantial interest and secure 3 offers. By strategically guiding Future Friendly through the process, SCD facilitated the selection of EY as the acquirer due to its strong cultural and strategic fit.
Their sector expertise in consulting was demonstrated during the deal and we benefited greatly from their knowledge of the M&A process.
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