Clearwater International advises Livingbridge on the sale of Vendigital to Siemens Advanta

Clearwater International has advised Livingbridge on the sale of Vendigital, a management consultant delivering data-led accelerated cost transformation, to Siemens Advanta (Siemens).

Founded in 2000, Vendigital provides its blue-chip clients with data-led transformation programmes which identify and solve complex cost and supply chain challenges. The firm combines consulting expertise with a proprietary digital platform to help its clients achieve measurable and sustainable cost reductions. The firm’s clients face a number of operational challenges, such as M&A and digital disruption, with pressures on cost, efficiencies and operating models.

Livingbridge’s investment in Vendigital in 2018 helped the firm to better cater for strong market demand for its services and supported its growth aspirations. This included further building out the team, embedding new sales and project margin management approaches and refreshing the digital platform to make it truly best-in-class.

Since then, Vendigital has established itself as one of the UK’s leading management consultants. Its market positioning has been recognised by bodies such as the Management Consultancies Association; it was ranked in Forbes’ Top 50 World’s Best Management Consulting Firms for 2022 and it has appeared in the Financial Times’ Top 20 Leading Management Consultancies in the UK for the past three consecutive years.

The business has delivered significant organic growth during Livingbridge’s tenure. Since April 2020, Vendigital has seen a 3x increase per annum in the number of client wins delivering a c.60% uplift in revenue.

„During our time with the firm, Vendigital has become a market leading digitally enabled consultancy which is strategically positioned for continued long term growth aligned to the cost and supply chain issues that are currently challenging nearly all sectors. We’d like to thank Clearwater International for their sound counsel and guidance throughout this deal process. Their support and delivery was second-to-none, and we thoroughly enjoyed working with the team to find the right buyer for the business. We wish the team at Vendigital every success in their next endeavour.“ – Robyn Smith, Investment Director, Livingbridge

„Vendigital has successfully capitalised on deep demand for impactful, cost transformation programmes from some of the largest global businesses, and we have seen our own value accelerate as a result. Livingbridge has been the ideal investment partner for our business and has been highly supportive in backing our ambitious growth plans.“ – Roy Williams, CEO, Vendigital

„We are excited to welcome Vendigital to our growing Siemens Advanta business. By combining our expertise and capabilities, we can provide even more value to our clients along their value chain, while fostering our business at scale in the UK.“ – Aymeric Sarrazin, CEO, Siemens Advanta
 
„It was great to work once again with the Livingbridge team and to secure the sale of Vendigital for them and the management team. Since its investment in the business, Livingbridge has been a great partner to Vendigital, giving it support and investment to become a leading player in its market. Siemens is a great fit for the business, and we’re looking forward to seeing Vendigital continue to grow under Siemens’ ownership.“ – Rob Burden, Partner, Clearwater International