Bain & Company kicks off 2022 with three international deals

Global strategy consulting firm Bain & Company completed three transactions in the first quarter of 2022. In India, Bain welcomed the entire team at a boutique, and in Australia and Chile, the consultancy took over a procurement specialist and a startup.

With over 12,000 employees, Bain & Company is one of the world’s leading strategic consulting firms. Along with McKinsey & Company and the Boston Consulting Group, it forms the MBB – the three largest strategy consultancies in the world – and thus counts a well-known group of companies among its customers.

As the consulting firm looks to ramp up its capacity and expand into new markets in 2022, Bain committed to a series of bolt-ons earlier in the year.

Areté consultant

The first of the transactions occurred in January when Bain relocated to bring the entire Areté Advisors team into his India practice. The move added 30 consultants to the three offices across the country.

Since its inception in 2013, Areté Advisors has grown into one of India’s leading native boutique advisory firms, providing clients with a wide range of advisory services such as corporate and business strategy, organizational structuring and performance improvement.

According to Karan Singh, India Managing Partner at Bain, the companies recognized the potential synergies of a merger after working together on previous projects.

“We are confident that together we will focus on making a significant impact on customers and on cultural fit,” said Singh. “Areté Advisors is a great strategic addition as we prepare for the future and will support our plans to scale our business.”

Continue reading: Bain & Company Hires Areté Advisors Boutique Advisory Team.


A month later, Bain followed with a second acquisition – moving to Australian procurement consultancy Arcblue. The company employs over 150 consultants across the Asia-Pacific region, making the deal Bain’s largest since 2019, when it acquired the Scandinavian consulting firm Qvartz.

Founded in 2013, ArcBlue specializes in all aspects of the procurement lifecycle, with experience across a wide range of industries and utility categories. The company has 10 offices in Asia Pacific, with Australia, New Zealand, Hong Kong and Singapore being the key markets.

ArcBlue will become part of Bain’s specialized line of procurement implementation services and will operate as an independent subsidiary under its own banner.

Hernan Saenz, Head of Bain & Company’s Global Performance Improvement Practice, commented, “After successfully working with the ArcBlue team over the past two years, this acquisition solidifies the relationship between the two companies and leverages our shared strengths to deliver a best- in- first-class procurement offer for the Asia-Pacific region.”

Continue reading: Bain & Company buys Australian procurement consultancy ArcBlue.


Bain also sealed a deal in February to expand his company in Chile. The acquisition of Spike, an advanced analytics company in South America, is expected to advance Bain’s plans to open an innovation hub in São Paulo later in 2022.

Bain currently operates 10 innovation centers from its global offices including in the US, Italy, England, Denmark, Germany, India, China, Singapore and Australia. The new Brazil offering will employ around 150 consultants and specialists dedicated to its work, providing a launch pad for clients’ innovation efforts.

Founded in 2016, Spike is a provider of advanced analytics and machine learning solutions and active in various industries in the South American region. The acquisition is the culmination of a partnership that brings together the best of Bain and Spike – technical expertise combined with business acumen – to deliver tangible results to clients across the continent.

Alfredo Pinto, Bain & Company Office Manager for South America, commented, “A strong analytical foundation is key to our consulting business and we have already worked in partnership with Spike to strengthen this team. This acquisition will strengthen our ability to innovate and deliver unmatched results to our customers, and will continue to do so well into the future.”

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In 2021, Bain & Company completed two deals, buying Tech Economy in the UK, and Pangea in Italy. In the previous year, the consulting firm had also completed two transactions.

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