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SCD Advisory acted as sell-side advisor to HSD on their sale to Atturra

Posted On : 30th January 2023

SCD Advisory is pleased to announce that it has advised Hammond Street Developments (HSD), a specialist Microsoft services provider to the government sector , on its sale to Atturra.

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The acquisition of HSD will have minimal impact on the Atturra FY23 results, with the forecast EBIT offsetting acquisition and integration related Expenses.

The HSD team specialises in Microsoft services and has a significant portfolio of Australian government clients enhancing Atturra’s already strong public sector portfolio and Microsoft services client base.

CEO of Atturra, Stephen Kowal, said: “The addition of HSD to the Atturra family is highly beneficial for our clients and shareholders and demonstrates our ongoing commitment towards growing our business in the government sector, in particular the Victorian public sector and to Microsoft, one of our main technology partners. HSD have a very strong client focus which is evident in their recurring revenues across their top 10 clients, and I am looking forward to working with Narendra and the HSD team.”

CEO of HSD, Narendra Tomar, added: “This is an exciting move for HSD, our team, our valued and supportive clients, and our partners. In considering this transaction it became clear to us that Atturra shares our relentless quest for client focus, team culture and values and is respected widely for its authenticity and service excellence. The team at HSD are very proud of the business solutions we have delivered to our clients and are committed and excited to build on this value for our clients as part of the Atturra team.”

Narendra Tomar commented on SCD’s role:

 

SCD Advisory’s deep understanding of the IT services consultancy sector proved invaluable in executing a deal with Atturra. We were highly impressed with SCD’s ability to act in our best interests throughout the transaction and conduct negotiation in a professional manner.

 

Pierre Briand (Founder of SCD Advisory) concluded:

 

We wish Narendra and his team all the best with Atturra, a leading IT services company listed on the ASX. This deal is a good example of SCD’s priorities for shareholder alignment and ability to deliver in the IT services sector, an area of our specialisation.

At SCD Advisory, we offer a range of services from deal preparation to transaction execution. Contact us at info@scdadvisory.com to find out more.

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Pierre Briand preview image
Written by: Pierre Briand, Founder & Managing Partner

Pierre brings 25 years of expertise in advising entrepreneurs, with a deep background in management and financial advisory across corporate finance, private banking, and wealth management. His extensive experience includes numerous sell-side and buy-side deals, IPOs, mergers, integrations, and consulting projects for both small businesses and large global corporations. As an established and highly regarded advisor, Pierre is known for his savvy, trusted guidance.

Pierre’s career began in Australia before he moved to France, where he worked with prominent business figures like billionaire François Pinault on M&A deals within the Artemis group. He then founded BC&D, an M&A small-cap firm in Paris, where he managed corporate advisory services across Europe, covering both origination and execution. His work extended beyond transactions, advising entrepreneurs on wealth management strategies to optimise the transition from business ownership.

In Paris, he held advisory roles at the Belgium Family Office (DeGroof) and as a senior private banker and head of the HNW segment for France at JP Morgan. Returning to Australia in 2015, Pierre established the ANZ subsidiary of a UK-headquartered M&A firm, executing 9 M&A transactions across Australia. In 2019, he launched SCD Advisory, where he has since completed 35+ transactions, earning multiple global awards in M&A advisory from 2021 to 2024. Notably, he was named ‘Deal Maker of the Year’ by Finance Monthly in 2022 for his sale of Hypothesis to McKinsey & Co.

Pierre graduated from the Business of Troyes in France and has a postgraduate in Corporate Finance from the University of Caen. He is also a certified Financial Analyst and a Graduate of the Australian Institute of Company Directors (GAICD). Pierre further enhanced his credentials by completing the “Leading Professional Services Firms” program at Harvard Business School. His track record and accolades highlight his dedication to excellence and his exceptional skill in delivering successful outcomes for his clients.

Pierre is French, Australian citizen, Overseas Citizen of India. He is married and has two children. He is passionate about international travel, gastronomy, sailing and golf. As an experienced sailor, his motto in business and life in general is: “We cannot direct the wind, but we can trim the sails”

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