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SCD advises The Terrace Initiative on their sale to Deloitte

The Terrace Initiative is a 40+ person transformation and change management consultancy specialising in mining and rail automation. The company is a strategic advisor and implementation partner for a range of global blue-chip companies; delivering outcomes through a leading data-driven delivery platform: “Alchemy”.

Deloitte is a global professional services firm looking to boost its analytics capability in Perth.

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Overview
Advisory & Preparation 1 month
Go-To-Market to Closing 8 months
Potential Buyers Approached 29
Advisors
Sell Side Lawyers Piper Alderman
Buy Side Lawyers Internal
Buy Side Financial Advisor Internal
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Deal Rationale

For the sellers, the deal provided greater credibility to serve large clients and create career development opportunities for both shareholders and staff.

For Deloitte, the transaction allowed them to expand their presence in the Western Australian market, grow their staff and client base, and leverage the IP developed by the sellers.

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SCD Approach

SCD led a full classical sale process for The Terrace Initiative, from preparation to completion. Throughout the process, SCD engaged with multiple buyers and generated 2 offers from large consulting organisations in Australia, attracted by The Terrace Initiative’s talent and IP-platform. The sale resulted in the two founders becoming Deloitte partners in Perth, enhancing their presence in Western Australia and the mining sector.

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SCD Value Add

SCD added significant value through its deep knowledge of the consulting industry and a trusted relationship with The Terrace Initiative, providing a personalised approach throughout the sale. SCD’s guidance helped shape the deal structure, combining a traditional consulting business model in change management with a data analytics platform and licence revenues. SCD also played a key role in coaching the young founders through their first exit strategy, ensuring a smooth process with a multi-professional acquirer like Deloitte.

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