Transaction overview
Nordics-based leading independent agency and consultancy group, Oceans, advised by Ciesco, becomes part of the Nordic consultancy group ARC Arise Consulting (ARC).
Oceans currently consists of the advertising agencies Los & Co, Los & Co Drammen, and Aleksander Reklamebyrå, the consulting and growth company Tba, the design agency Neue, and the technology company Modulær. The partners in Ocean reinvest substantial parts of the transaction in ARC and become key to ARC’s Nordic strategy.
ARC already owns the Norwegian agencies Heydays and Goods, as well as the management and marketing consultancy companies Curamando and Conversionista. The company is majority partner-owned and has a backing from Altor Equity Partners, a Stockholm-based PE firm.
With Oceans, ARC now comprises 20 agencies and specialist companies in Europe across seven countries, with 1,200 consultants specializing in strategy, technology, innovation, design, and communication. As part of ARC, Oceans clients will benefit from added international insights, expertise and knowledge, while employees will be able to take advantage of ARC’s consulting and expertise from multiple disciplines.
Oceans was founded by Jan Christian Fosseidbråten in 2008. Following the transaction, Oceans companies will maintain their distinct brands and current organisational framework, ensuring continuity in their operations.
About Oceans
The consultancy group Oceans comprises the advertising agencies Los & Co, Los & Co Drammen and Aleksander Reklamebyrå, the consultancy and growth company Tba, the design agency Neue and the technology company Modulær. The company is partner-owned and led by founder Jan Christian Fosseidbråten.
Oceans was launched as a group of specialist companies within management consulting, technology, design and communication in 2022. The various companies work both individually on specific projects and together on larger clients that require interdisciplinary expertise. During the past year, the company have been working on several growth projects that are linked to customers’ new business areas, new products and new types of revenue.
About ARC Arise Consulting (ARC)
ARC Arise Consulting is a carefully selected group of specialist companies. Different in craft but united in the ambition to solve hard problems and create lasting value. ARC is 1100 people across the Nordics, the Netherlands, and the US. All passionate and committed to help leaders create great change.
By combining companies with contrasting experiences, perspectives and personalities, ARC is building a new kind of consultancy collective operating at the intersection of Strategy & Change, Brand, Marketing & Experience, Innovation, Technology & Data.
Today, ARC consists of Above, Ariel, Conversionista, Cupole, Curamando, Curious Mind, Fabrique, Goods, Heydays, Kurppa Hosk, Kurppa Hosk Communications, Mission Anew, Q42 and Umain.
Altor Equity Partners is the leading external investor supporting the group’s growth journey. Altor is a minority owner and ARC is run in majority by the active founders and shareholders in the company.
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"It was a perfect match from the start with ARC. We share the same mindset, both in terms of developing companies and how we work with projects and customers related to growth and change initiatives. ARC’s interest is a testimony to the great efforts from all our colleagues over time, and it gives new and exciting opportunities as we embark on our next journey together."