The Boston Consulting Group (BCG) and Opportunity Network have reached an agreement aimed at helping financial institutions provide a wide array of growth opportunities to their customers.
Opportunity Network provides a platform through which banking clients can seek trustworthy partners to help them expand into new markets, sell privately held enterprises, execute cross-border mergers and acquisitions, and maximize asset utilization on a global level. Opportunity Network also helps partner banks gain exclusive insights into their clients´ expansion plans and appetites for M&A activities, allowing the banks to become better advisors.
BCG and Opportunity Network said that they have already begun joint discussions with corporate- and private-banking divisions of leading financial institutions, and many banks are expressing enthusiasm for the opportunity to provide their top clients with access to Opportunity Network´s platform.
As part of the agreement, BCG, which participated in the latest round of fundraising for Opportunity Network, will gain a minority share in the company. BCG´s Lionel ArÃ© has also joined Opportunity Network´s board of directors.
The Boston Consulting Group (BCG) is a global management consulting firm and the world´s leading advisor on business strategy.
Opportunity Network is the business matchmaking platform where members can find trustworthy counterparties for any deal above USD1m and that allows banks to grow their market share. Members, key decision-makers selected by financial institutions from all over the world, post Opportunities anonymously that vary from M&As, commercial partnerships, investments, to joint ventures.