7 Mile Advisors Acted As The Exclusive Sell-Side Advisor To Beacon Consulting Group, Inc. In Their Sale To Accenture plc.

7 Mile Advisors advised Beacon Consulting Group, Inc. on their sale to Accenture plc (“Accenture”).

Accenture (NYSE: ACN) has acquired Beacon Consulting Group, a trusted advisor and management consultant to the North American asset management community. This acquisition significantly expands Accenture’s asset management consulting capabilities and enhances its ability to help global investment managers, institutional investors and asset servicers gain an edge in increasingly competitive markets. Terms of the transaction were not disclosed.

Beacon Consulting will become part of Accenture’s Capital Markets practice, reinforcing its expertise and capabilities in asset management to help asset managers and other financial services companies design, build and operate their business.

“Though asset management is a large and growing industry segment, it is also characterized by increasing competition and rapidly evolving industry dynamics,” said John DelSanto, senior managing director of Accenture’s Financial Services operating group in North America. “By adding the consulting professionals from Beacon to our Capital Markets practice, we further deepen our industry knowledge to be better positioned to help our clients transform the way they do business.”

Headquartered in Boston, Massachusetts, Beacon Consulting Group brings a deep understanding of the asset management industry with differentiated expertise in middle- and back-office operations. Beacon’s proprietary benchmarking data and thought leadership also help its clients enhance their competitive position and implement changes that transform their business performance.

“Top-tier asset management firms are facing increased competition, fee pressure from investors, rapidly changing investor preferences and products and ever-increasing regulation,” said Keith Brown, President at Beacon Consulting. “We’re excited to join Accenture to help the industry meet these challenges, execute transformation across their business and succeed in a quickly changing market.”

Accenture’s Capital Markets practice provides consulting, strategy, digital, technology and outsourcing services to financial institutions to optimize analytics for asset managers, drive sales force effectiveness, improve operational productivity, reduce costs and manage risks. Its clients include eight of the top 10 global wealth managers and seven of the top 10 global asset managers.

About Accenture:

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 358,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit Accenture at www.accenture.com.

About Beacon Consulting:

Beacon Consulting Group is a trusted advisor to global financial and investment firms seeking to achieve and sustain a competitive edge. Headquartered in Boston, Beacon’s advisory services include operating model and business process transformation, and technology strategy to the world’s largest investment managers, institutional investors and asset servicers. For more information, please visit www.beaconcgi.com.

About 7 Mile Advisors:

7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com

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Beacon Consulting Group

7 Mile Advisors Acted As The Exclusive Sell-Side Advisor To Beacon Consulting Group, Inc. In Their Sale To Accenture plc.