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SCD advises Future Friendly on their sale to EY

Future Friendly, established in 2004, is a digital product strategy and development studio.

EY is a professional services partnership with global operations.

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Overview
Go-To-Market to Closing 14 months
Potential Buyers Approached 28
Advisors
Sell Side Lawyers Ironcore Law
Buy Side Lawyers Corrs Chambers Westgarth
Buy Side Financial Advisor Internal
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Deal Rationale

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.

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SCD Approach

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.

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SCD Value Add

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.

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