Equiteq advises Solidiance on their acquisition of Shanghai-based consulting firm Technomic Asia

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Equiteq, the consulting sector M&A specialist, is pleased to announce that its client Solidiance, an Asia-focused management consulting firm, has acquired a Shanghai-based business strategy and M&A advisory firm, Technomic Asia. Equiteq acted as exclusive financial adviser to Solidiance in relation to the transaction, which was completed on 12th July 2016.

Technomic Asia’s 30-year history makes it an icon in the business community across China and in particular, Shanghai. As one of the most reputable advisors to foreign entities seeking to do business in China, Technomic Asia boasts a loyal client base of Fortune 1000 and mid-sized firms, which complements the standard portfolio Solidiance has traditionally served.

Technomic Asia’s service offering of assisting client companies through incubation programs, brings expansion potential to Solidiance’s more traditional strategic advisory and PMO (Program Management Office) services, leveraging the trust developed from its clients who regularly seek support from Solidiance for its expertise and experience within Asia’s economic landscape.

Damien Duhamel, CEO of Solidiance, remarks: "This acquisition marks a great milestone for Solidiance. Solidiance’s dynamic growth trajectory in China, and indeed across Asia, is ideally complemented by the long-standing sustainability of Technomic Asia’s client base and its fantastic staff. I believe the combination of Solidiance and Technomic Asia will make it the preferred go-to source for growth advisory and implementation support among international and local companies from Dubai to Shanghai".

China has experienced tremendous growth in the last 25 years and is now transforming its economy. As stated by Heiko Bugs, the COO of Solidiance: “We are committed to supporting our clients on the ground in China and Asia with market-driven actionable advice. I am excited that the acquisition of Technomic Asia will further strengthen our industry know-how, our offerings and capabilities to serve our clients in the region”. Bugs also added: “We’ve been extremely pleased by the efficient and value-adding support provided by Equiteq in the completion of this transformational move.”

Talking about the acquisition, Steve Ganster, the Managing Director of Technomic Asia described the movement as; “A combination of bringing together two leading Asia-based boutique strategy firms which share the same no-nonsense, street-smart approach to helping clients grow profitably”.

About Equiteq (http://www.equiteq.com)
Equiteq is an M&A specialist focusing on the professional services sector. Equiteq works with consulting firm shareholders, helping them to achieve their business objectives and exit or acquisition strategies. Equiteq’s services are designed to deliver great returns for its clients, either on the sell-side, by accelerating equity value growth and ultimately realizing that value in a trade sale or other type of liquidity event, or on the buy-side, by selecting acquisition targets and completing optimized, value-generating deals.

About Solidiance (http://www.solidiance.com)

Solidiance is a corporate strategy consulting firm focused on Asia. Solidiance advises CEOs on make-or break deals, define new business models and accelerate Asia growth. Solidiance's expertise is focused on the industrial, automotive, technology and healthcare sectors with 12 offices in Asia: Abu Dhabi, Bangkok, Beijing, Beirut, Ho Chi Minh City, Jakarta, Kuala Lumpur, Manila, New Delhi, Yangon, Shanghai, Singapore (HQ), as well as a client liaison office in Germany.

About Technomic Asia: (http://www.technomicasia.com)

Technomic Asia is a business strategy and M&A advisory firm with more than 35 years of experience helping clients plan and execute their China growth and operational strategies. Technomic Asia assists companies in entering the China market or in expanding their businesses by providing critical market insight, an understanding of business potential and assistance in designing the optimum strategy for success.

For more information and media enquiries, contact Paula Allerton of Equiteq on +44 203 651 0600 or paula.allerton@equiteq.com. Visit http://www.equiteq.com/equiteq-edge/register for free access to Equiteq Edge – Equiteq’s online resource and information hub aimed at shareholders, prospective shareholders, investors and corporate development executives in the consulting industry.

©Equiteq Ltd. 2016.

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