Bird & Bird ATMD advises Daiwa ACA APAC Grow II LP on its strategic investment in Icon Consulting Group

ACA Investments, a fund investment group based in Singapore and Japan that is currently managing approximately USD 1 billion, has made a significant strategic investment in Icon Consulting Group, a digital and enterprise application-focused staffing firm based in Singapore. Icon Consulting Group was founded in 2018 and has generated revenues of over USD 70 million and annual double digit profitability growth. Icon Consulting Group has now successfully placed over 1,000 enterprise technology professionals into digital transformation projects at its blue-chip client base which includes multinational companies in banking, consulting, mining and pharmaceutical industries. Icon Consulting Group specialises in the placement of senior level digital and enterprise technology-focused contracting staff.

The investment from ACA will fuel Icon Consulting Group’s expansion plans, enabling the company to seek opportunities to further build on its current team. Icon Consulting Group also has plans to expand its geographic footprint beyond its current setup, which includes Malaysia, Australia and India in addition to its head office in Singapore. Icon Consulting Group will actively seek out acquisition targets and look to consolidate similar businesses across the region.

Bird & Bird ATMD LLP acted for ACA Investments in this transaction and team comprised Partner Marcus Chow, Counsel Jolie Giouw and Associate Luke Oon.

News & Deals

More News & Deals

Deal

Bird & Bird advised the management of EFESO Management Consultants for the entry of Towerbrook Capital Partners as a reference shareholder

Nov 30 2023

Read More

News

Bird & Bird wins “TMT Team of the Year” at the British Legal Awards 2023

Nov 30 2023

Read More

News

Bird & Bird achieves stellar victory in landmark EU Trade Defence case

Nov 29 2023

Read More

News

Bird & Bird have advised 88 Energy Limited on its A$9.9 million fundraising

Nov 29 2023

Read More

News

Bird & Bird advises Nordic Alpha Partners on its acquisition of a majority stake in Airwatergreen Group AB

Nov 29 2023

Read More

Deal

Bird & Bird advised Mrec Investment Management Oy on a development project

Nov 27 2023

Read More