Alaris secured the sale of Allen International to Accenture through a structured, competitive auction, involving presentations and detailed talks with world-leading consultancy groups and secured a premium valuation.
Allen International is a world leader in developing branding, retail environment and digital customer experience for the financial services industry. The Group has worked successfully with over 350 banks worldwide.
Accenture, which has a worldwide team of some 400,000 people, was attracted by the opportunity to leverage the expertise and board-level contacts of Allen International. As part of larger group the business is expanding its relationships and service offering internationally.
Allen International was founded by Michael Allen in 1992 and had expanded from its West London HQ to establish an international footprint including three regional offices in the Middle East, Asia and South America. The Group counts five of the largest 10 international banking groups as its clients.
Led by the European banks, there is a significant shift in retail banking towards the transformation of branch networks to be more cost effective while at the same time introducing the digital customer experience. Allen International provided an opportunity for a forward-thinking acquirer to secure expertise in this growing market segment as well as opening up new business opportunities for their own complementary, specialist services.
“My experience was both positive and enjoyable. The team never gave up in securing the best deal for my Company, which eventually was higher than my expectations. Their negotiating skills and experience were important factors in securing a successful deal”
Founder & Group CEO, Allen International