DWF Manchester team advises consulting company on global merger
International legal business DWF has advised independent consulting firm Argon Consulting on its merger with Crimson & Co to form a new global group.
The business’s Manchester corporate team led the transaction which has established a new global group with more than 230 consultants in six offices across the world in Paris, London, Atlanta, Singapore, Melbourne and Mumbai.
This new group will capitalise on the strengths of the two companies combining Argon’s consulting and operations transformation expertise in France, and Crimson & Co’s global reach and supply chain specialism.
The deal will see Yvan Salamon, founder of Argon Consulting, become president of the new group.
Frank Shephard, nmational head of corporate at DWF, advised on the deal alongside Darren Ormsby and James Cashman, senior associates and Francesca Kinsella and Andrew Carr, solicitors.
Mr Shephard said: “We’re pleased to have advised Argon Consulting on its next stage of growth which will see the business extend its global reach and increase its offering with the expertise of Crimson & Co.
“The transaction is an example of our sector capabilities on a global scale.”
DWF’s corporate practice has advised on a number of large-scale, cross-border transactions this year, including advising management consultancy Credo Business Consulting on its sale to global CEO advisory firm Teneo Holdings, and advising global technical services provider Keywords Studios on the acquisitions of Paris-based La Marque Rose SARL, Asrec SAS and the subsidiary companies of holding company, Dune Media SAS, trading as Dune Sound and Around the Word.
The Manchester office of audit, tax and consulting firm RSM advised Crimson & Co on the merger.
James Wild, corporate finance partner at RSM, said: “Crimson & Co is an ambitious business with a sterling reputation in the market place.
“This merger is a perfect fit for both companies, as they strive to create a truly global brand recognised for excellence in class.”
Crispin Mair, co-founder and chief financial officer of Crimson & Co, added: “We are looking forward to building on Crimson & Co’s established global footprint and reputation for best-in-class operations consultancy around the world.
“We have been thinking for some time about how to broaden and deepen our market offering to support clients more comprehensively, particularly in the areas of digital and finance, and the merger with Argon Consulting provides the opportunity to do this, enhancing our ability to support clients and their operational transformations.”
