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New Deal


Announced

Completed

Accenture completed the acquisition of a majority stake in Advocate Networks from Spire Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Business Process Outsourcing

Cross Border

Majority

Private

Single Bidder

Friendly

Acquisition

Completed

Private Equity

technology business management

United States

Synopsis

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Accenture, a professional services company, completed the acquisition of a majority stake in Advocate Networks, a technology business management company, from Spire Capital, a private equity firm. Financial terms were not disclosed. "Tim Wise, Scott Fogle and their team led Advocate to achieve extraordinary growth and operational excellence that has positioned the Company as an industry leader in TBM services. The entire Advocate team has contributed to its success; we are proud of their accomplishments and look forward to seeing Advocate accelerate its market position within Accenture. It has been an amazing partnership and they are leading adoption of TBM services in the broader technology market. We wish them continued success as they continue to serve the rapidly changing needs of the technology ecosystem," David Schaible, Spire Capital Partner.

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