M&A Deal Summary

Wavestone Acquires PEN Partnership

On August 4, 2022, Wavestone acquired business services company PEN Partnership for 23M GBP

Acquisition Highlights
  • This is Wavestone’s 2nd transaction in the Business Services sector.
  • This is Wavestone’s largest (disclosed) transaction.
  • This is Wavestone’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-08-04
Target PEN Partnership
Sector Business Services
Buyer(s) Wavestone
Deal Type Add-on Acquisition
Deal Value 23M GBP

Target

PEN Partnership

London, United Kingdom
PEN Partnership is an independent business consulting firm specializing in financial services and life sciences. PEN Partnership was founded in 2012 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Wavestone

Paris, France
Category Company
Founded 1990
Sector Information Technology
Employees5,856
Revenue 701M EUR (2024)
DESCRIPTION

Wavestone is a global IT consultancy that delivers leading-edge expertise in data strategy, data governance, data management, and data security. Wavestone was founded in 1990 and is based in Paris, France.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2022) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 NewVantage Partners

Boston, Massachusetts, United States

NewVantage Partners (NVP) has served as strategic advisors in data-driven business leadership to a blue-chip roster of Fortune 1000 companies and industry leaders. The company delivers leading-edge expertise in data strategy, data governance, data management, and data security. NewVantage Partners was formed in 2001 and is based in Boston, Massachusetts.

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