overview
drivers
utilities
transport
finance
media
chemicals
metals
food
auto/aero
property
infrastructure
engineering
retail
hospitality
packaging
clothing
ICT
advertising
accounting
tobacco
pharma
collapses
related
Profiles
& Notes:
telecoms
bubble
utilicoms
Aust & NZ
telecoms
telco
privatisations
telco
mergers &
acquisitions
IPOs
Private
Equity
Funds
Hedge
Funds
|
accounting, law, HR
This page provides benchmarks for M&A in the accounting,
law and recruitment sectors.
It covers -
accounting
M&A landmarks in the accounting sector include -
- George
Bailey merges with Allen R. Smart and Touche, Niven
to become Touche, Niven, Bailey & Smart in 1947
- Deloitte,
Plender, Griffiths merge with Haskins & Sells in
US as Deloitte Haskins & Sells in 1952
- Touche,
Niven, Bailey & Smart merges with George Touche
(UK) and Ross, Touche (Canada) as Touche, Ross, Bailey
& Smart in 1960
- Whinney,
Smith & Whinney merge with Brown, Fleming &
Murray to form Whinney Murray in 1965
-
formal association between Tohmatsu Awoki and Touche
Ross in 1975
- Deloitte
Haskins & Sells badging from 1978
- Ernst
& Ernst merges with Whinney Murray and Turquands
Barton Mayhew as Ernst & Whinney in 1979
- Klynveld
Kraayenhof merges with Deutsche Treuhand-Gesellschaft
(DTG) and McLintock Main Lafrentz to form Klynveld Main
Goerdeler (KMG) in 1979
- Peat
Marwick International merges with KMG as KPMG in 1987
- Ernst
& Whinney merges with Arthur Young Co in 1989
- Deloitte,
Haskins & Sells merges with Touche Ross as Deloitte
Touche Ross in 1990
- rebadging
of Deloitte Touche as Deloitte Touche Tohmatsu in 1993
- Peat,
Marwick Mitchell & Co partners merges with KMG
-
Price Waterhouse and Coopers & Lybrand merge as
PricewaterhouseCoopers in 1998
legal services
M&A landmarks in the legal sector include -
-
Saatchi buys Peterson & Co (US trial litigation
advisers) for US$123m in 1986
-
Clifford Chanced formed through merger of Clifford Chance
and Rogers & Wells and Pünder, Volhard, Weber
& Axster in 1999
- KPMG
divests its legal arm, Klegal, in 2003
- DLA
Piper Rudnick Gray Cary formed through combination of
Piper Rudnick LLP and Gray Cary Ware & Freidenrich
LLP and DLA LLP in 2005
management consulting
Management consulting M&A landmarks include -
- Saatchi
buys The Hay Group for US$125m in 1984
- EDS
buys AT Kearney for US$600m in 1995
- Cordiant
buys US e-business consultancy MicroArts Corp for £63m
in 2000
- Ernst
& Young sells consulting practice to Cap Gemini
for US$11 billion, creating Cap Gemini Ernst & Young
(later Capgemini) in 2000
- KPMG
spins off US consulting arm as KPMG Consulting Inc (later
BearingPoint) in 2001
- IBM
buys PwC Consulting for US$3.5bn in 2001
- Andersen
Consulting splits from Arthur Andersen, becomes Accenture
in 2001
recruitment and services
M&A landmarks in the human resources sector include
-
- Parker
Pen acquires Manpower for US$28m in 1976
- Manpower
acquires Brook Street Bureau in 1987
- Blue
Arrow acquires Manpower for US$1.3bn in 1987
- Adia
SA and Ecco SA merge as Adecco in 1996
- Adecco
acquires TAD for US$406m in 1997
- Adecco
buys Delphi for US$264m in 1999
- Adecco
buys CareerStaff for US$85m in 1999
- Manpower
pays US$146m for Elan Group in 2000
- Adecco
acquires Olsten for US$1.55bn in 2000
- Manpower
acquires Jefferson Wells for US$174m in 2001
- Manpower
acquires Right Management Consultants for US$488m in
2004
- Ceridian
Corporation acquired by Thomas H. Lee Partners and Fidelity
National Financial for US$5.3bn in 2007
A
perspective is provided by discussion of online recruitment
services here.
Edgar Jones' True & Fair: A History of Price Waterhouse
(London: Hamish Hamilton 1995) and Accounting For
Success (Boston: Harvard Business School Press 1993)
by David Allen & Kathleen McDermott
next page (tobacco)
|
|
Ketupa