TH Global Capital advises Leonardo, a leading Automation, BPM & Business Process Transformation Specialist, on its strategic sale to UST

Seller Leonardo

Buyer UST

Focus Sector BPM and Automation

Date February 2024

TH Global Capital is pleased to announce that it has acted as the exclusive financial advisor to Leonardo, a leading BPM, Automation and Business Process Transformation specialist, on its strategic sale to UST, a Temasek portfolio company. Melbourne headquartered Leonardo drives intelligent end-to-end process improvement through technology and automation. Leonardo, a trusted partner of UiPath, Automation Anywhere, Red Hat, Software AG, and Workato, excels at driving comprehensive intelligent process improvements using cutting-edge technology.

Leonardo engaged TH Global Capital to run a process for the shareholders to achieve a liquidity event, and for our staff to have enhanced career opportunities. Over the following year or so we were able to achieve that outcome in difficult economic conditions. Through the ups and downs of the transaction process, TH Global Capital always providing a solid commercial sounding board that helped the shareholders of Leonardo achieve the outcome they desired. To the team at TH Global Capital, the shareholders and employees thank you for the effort and guidance you provided.

Stephen Chetcuti CEO, Leonardo

Leonardo helps clients rebuild their processes for the digital age by combining process-centric strategic thinking with the rigour and precision of enabling technologies that support their transformation. Over the last two decades, Leonardo has helped their clients, both local and international, take manual, outdated, and broken processes and reimagine them for the digital age by ensuring that business strategies are embedded, automated, and integrated into the systems and platforms that drive better experiences with customers and stakeholders.

With this acquisition, Leonardo strengthens UST’s organizational efficiency offering by bringing in its expertise, client references, and local partnerships. “We are delighted to announce the integration of Leonardo into UST’s Australian team” said Kumaran CR, Managing Director of Australia, UST. “Leonardo will strengthen our global intelligent automation consulting capabilities further and help grow the UST SmartOps platform business in the ANZ region. The acquisition is an important step in our efforts to continue growth in the Australian market as we work to meet rapidly emerging demand and build upon UST’s position as a market leader.”

Stephen Chetcuti, Chief Executive Officer of Leonardo, added “We are thrilled to join forces with UST, a significant milestone for Leonardo. Our partnership with UST opens a realm of new possibilities. We are excited about the expanded digital services we can offer our clients. This collaboration signifies our commitment to growing alongside our customers, providing them with unparalleled digital solutions, and harnessing the power of AI to unlock new levels of productivity and insight into their business.”

Vivek Subramanyam, Founder and CEO of TH Global Capital said “We are delighted to have closed this BPM and Automation transaction – it is also our 21st BPM transaction and fourth transaction in the ANZ region. We are pleased with the outcome achieved for Leonardo and UST and wish Stephen and his team the very best on the next leg of their journey!”