Waterland-backed First Consulting, a business process consulting firm, completed the acquisition of Valcon, a commercial consulting firm, for $48m. “With our combined capabilities, we will to an even higher degree be able to offer our clients state-of-the-art solutions that will generate growth and value. We expect to see a fast development of both geographical footprint, capabilities and services within all areas, with additional leading companies joining us,” Geert van den Goor, First Consulting Managing Partner.