Equiteq is pleased to announce that it has advised Danish consulting and supply chain specialist Prokura on its sale to global management consulting firm Kearney.
Prokura is a Danish consulting firm specializing in procurement and supply chain solutions. Prokura was founded in 2008 and has since evolved into a renowned strategy and implementation partner, currently employing 60 procurement and supply chain specialists, which has built a reputation, primarily among Nordic clients, by following procurement and supply chain processes all the way through. Prokura has offices in Copenhagen, Oslo and Munich and has had annual, average growth rates of more than 25 percent as well as a customer base covering more than 200 of the largest companies in the Nordic region.
Kearney, a global full-service consulting firm with more than 4,000 employees, are expanding their already strong global procurement capabilities with the acquisition of Prokura, gains a central position in the Nordics as procurement and supply chain specialists delivering a full range of services from strategy to implementation.
In combination with Kearney’s network of more than 650 procurement and supply chain experts, efficient Centers of Excellence in the same field, and a suite of analytical tools, Prokura will have a solid foundation for European expansion. Also, the synergies will increase Prokura’s relevance for clients with assets spread across several countries. The acquisition date is December 1, 2021 and Prokura will continue as a separate brand and business entity under the global consulting firm Kearney.
Equiteq acted as exclusive financial advisor to Prokura.
Regarding Equiteq’s role in the transaction, Christian Bang-Pedersen, Managing Director at Prokura said: “We significantly benefitted from Equiteq’s knowledge of the procurement and supply-chain consulting markets – giving them the ability to provide us with truly valuable advice on how to position our business and create the right engagement with a buyer community they had real inroads into. Jerome and team advised us to the last mile with a genuine combination of skill, care and commitment to our partner group”.
Jerome Glynn-Smith, Managing Director at Equiteq added: “It is a real pleasure to see the talent and niche capabilities of Prokura concluding in such a great outcome for the business and partner group. This transaction demonstrates how excellent and cross-geography procurement transformation capabilities have become central to the breadth of global management consulting firms. I’m confident significant tailwinds from Kearney will create numerous business and professional opportunities for Prokura people, across Europe and beyond”.
To see all of our deals, please click here.