Livingbridge announces sale of Vendigital

Livingbridge, one of the UK’s leading mid-market private equity investors, today announces the sale of Vendigital, a management consultant delivering data-led accelerated cost transformation, to Siemens Advanta.

Livingbridge, one of the UK’s leading mid-market private equity investors, today announces the sale of Vendigital, a management consultant delivering data-led accelerated cost transformation, to Siemens Advanta.

Founded in 2000, Vendigital provides its blue-chip clients with data-led transformation programmes which identify and solve complex cost and supply chain challenges. The firm combines consulting expertise with a proprietary digital platform to help its clients achieve measurable and sustainable cost reductions. The firm’s clients face a number of market challenges, such as M&A and digital disruption, with pressures on cost, efficiencies and operating models.

Livingbridge’s investment in Vendigital in 2018 helped the firm to better cater for strong market demand for its services and supported its growth aspirations. This included further building out the team, embedding new sales and project margin management approaches and refreshing the digital platform to make it truly best in class.

Since then, Vendigital has established itself as one of the UK’s leading management consultants. Its market positioning has been recognised by bodies such as the Management Consultancies Association; it was ranked in Forbes’ Top 50 World’s Best Management Consulting Firms for 2022 and it has appeared in the Financial Times’ Top 20 Leading Management Consultancies in the UK for the past three consecutive years.

The business has delivered significant organic growth during Livingbridge’s tenure. Since April 2020, Vendigital has seen a 3x increase per annum in the number of client wins delivering a c.60% uplift in revenue.

Robyn Smith at Livingbridge, said: “During our time with the firm, Vendigital has become a market leading digitally enabled consultancy which is strategically positioned for continued long term growth aligned to the cost and supply chain issues that are currently challenging nearly all sectors. We wish the team every success in their next endeavour.”

Roy Williams, CEO at Vendigital, said: “Vendigital has successfully capitalised on demand for impactful, cost transformation programmes from some of the largest global businesses, and we have seen our own value accelerate as a result. Livingbridge has been the ideal investment partner for our business and has been highly supportive in backing our ambitious growth plans.”

Livingbridge was advised by Clearwater International (Corporate Finance); Eversheds (Legal) and PwC (Tax).