PwC completes its acquisition of Booz & Company

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Ho Chi Minh City, 4th April 2014 – PwC is pleased to announce today the successful completion of its combination with Booz & Company. With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network. All closing conditions for the deal have been met.

Marking this occasion, Booz & Company has changed its name to Strategy& (pronounced Strategy and).  This new name, which will be used alongside the PwC name and brand, reflects the strength in strategy consulting that Booz & Company brings to the PwC Network and the benefits this deal will bring to all clients and stakeholders.  After a short grace period, Booz & Company can’t legally continue to use the Booz name following the change in ownership.

Welcoming the Strategy& team to the PwC Network, Dennis Nally, Chairman of PricewaterhouseCoopers International, says, “Today signifies an important step for PwC, our clients and stakeholders. Businesses are navigating unprecedented, disruptive threats and organisations increasingly want the right strategy and the ability to execute it.  Together PwC and Strategy& meet this need – delivering superior value to our clients and stakeholders, attracting premium talent and helping businesses around the world build their capabilities on a global scale.”

“This combination of PwC and Strategy& will see PwC lead the way in changing the landscape of the global consulting business,” adds Mr. Nally.

“We are delighted to be joining PwC, the leading professional services network in the world, as it enables us to offer both our clients and our people a bigger, broader, and better opportunity to connect strategy to impact,” says Cesare R. Mainardi, CEO of Strategy&.

“Strategy& brings a 100-year heritage of practical strategy advice to PwC’s broad and deep portfolio of expert advisory services.  On day one, we can meet clients’ needs for a full menu of strategy-through-execution services, and a single point of access in delivering results.  We have the footprint, the scale, the resources, and the proven capabilities to help global enterprises every step of the way from strategy to outcomes.  It’s an exciting prospect.”

Strategy&’s Board of Directors will be chaired by Tony Poulter, a PwC partner and global consulting leader.  Cesare Mainardi will be CEO of Strategy&.   He has been the CEO of Booz & Company for the past two years.

“By establishing Strategy& as part of the PwC network, we’re changing the consulting landscape for good. We’re offering our clients in South East Asia and across the world something they can’t get anywhere else: a combination of strategy consulting expertise and a proven track record of delivery that draws on unrivalled global scale and experience”. (Derek Kidley, CEO of PwC South East Asia Consulting)

“Our clients need great strategy and the ability to execute it. Our combination with PwC enables us to offer our clients in South East Asia (including Vietnam) and across the globe the ability to develop and execute the right strategy – delivered by one trusted, experienced, and responsive consultant”. (David Hovenden, Strategy& Managing Director, South East Asia)

For more information, please visit www.strategyand.pwc.com.  

NOTES TO EDITORS

About PwC:

PwC firms help organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 184,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com.

About PwC Vietnam:

PwC Vietnam established offices in Hanoi and HCMC in 1994. Our team of approximately 650 local and expatriate staff has a thorough understanding of the business environment in Vietnam and a wide knowledge of policies and procedures covering investment, tax, legal, accounting and consulting matters throughout Vietnam. Visit our website for further information: www.pwc.com/vn.

PwC Vietnam has built strong relationships with key ministries, financial institutions, state owned enterprises, private companies, commercial organisations and the ODA community. We also have a foreign law company in Vietnam, licensed by the Ministry of Justice with a head office in Ho Chi Minh City and a branch office in Hanoi.

We go the extra mile to help our clients achieve their objectives. We possess skill sets and industry knowledge that our clients require at a local level across our network. We offer an integrated service, bringing a breadth of skills and depth of resources to our clients wherever they do business, throughout Asia and in the rest of the world.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

©2014 PricewaterhouseCoopers Vietnam (Ltd.) All rights reserved.