Transaction Details

September 1, 2017
London Sloane St

Sector

Technology

Deal Type

M&A

Deal Value

N/D

etventure sold to EY

etventure – Driving digital changes for large corporates

etventure is a German digital consultancy business focused on advising large corporates in their digital transformation, by building new standalone startups or digital units within the client’s organisation. etventure not only develops the strategy but fully implements the digital business model for the clients.

The Company started their highly profitable consultancy business out of its own experience as company builder and principal investor in more than 20 startups. Other activities include digital education for managers and providing innovative office space for digital units and startups.

Strengthening EY’s digital capabilities

EY (USD 31bn revenues, 240k employees) acquired etventure to accelerate its own digital consultancy business in DACH and globally, and thus complement its excellent audit, tax, legal and management services for blue chip clients.

With EY as partner, with its vast global network and services, etventure will benefit from deeper resources and can tap into EY’s excellent and long-standing client relationships, and therefore accelerate and internationalise its organic growth.

The founders and sellers of etventure will remain as Partners of EY, highly committed to jointly build a global digital consultancy business.

GCA Altium acted as sole advisor to the sellers.

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