PricewaterhouseCoopers LLP Enhances Deals Capabilities with Acquisition of Minerva

Deals client experience strengthened by enhanced analytics and AI capabilities

New York, NY - January 3, 2022 - PwC US announced it has acquired the technology, team and assets associated with the Minerva business from ClearPrism LLC, a privately owned professional services company.

The Minerva acquisition brings a talented team to PwC with unique technological expertise, as well as an asset with capabilities that will enhance our Deals practice with a new analytics-driven approach to value identification. 

A key part of PwC’s purpose is helping clients solve important problems. The amount and diversity of capital available led to unprecedented M&A levels throughout 2021, with this trend expected to continue into 2022. Acquirers are still facing high valuations, which means it’s critical to go beyond typical M&A due diligence. Businesses must evaluate a company’s purpose, culture, and digital acumen because that increasingly affects how companies integrate and the value captured after the deal.

With the addition of Minerva, PwC is strengthening its human-led and tech-powered approach by adding data scientists and advanced technology to enable core diligence and planning, using advanced analytics and AI to accelerate and improve our work.

“At PwC, we continually innovate to discover how technology can help solve complex business challenges, build trust and identify new opportunities — not only for ourselves, but for our clients and communities,” said Colin Wittmer, PwC US Deals Leader. “The addition of Minerva’s capabilities will enable us to continue to achieve these goals. Combining people and the right technologies, we apply an innovative mindset to help drive the right business outcomes.”

PwC recently announced its new global strategy, The New Equation, which brings the best of the firm’s people, capabilities and technology to help its clients build trust and deliver sustained outcomes. 

We are in an age where organizations are going to be challenged on every dimension of trust. The number of stakeholders a company must consider has expanded significantly, and those stakeholders are demanding more from companies — including increased transparency — and gaining and maintaining trust will be a critical success factor for virtually every organization. At the same time, a company needs to deliver on its commitments in driving business outcomes.

“We’re excited to join PwC and help them become better-positioned to drive a number of net new revenue streams,” said Ralph Welborn, former Minerva Managing Partner and current PwC Managing Director. “PwC’s existing Deals Strategy and private equity value creation domain expertise, relationships and consulting skills, combined with Minerva’s technology and AI expertise make for an enhanced client experience powered by algorithms and AI.”

The parties simultaneously entered into a definitive agreement and executed the transaction. Bryan Cave Leighton Paisner LLP served as legal counsel to PwC and Sullivan & Cook, LLC served as legal counsel to ClearPrism.