AICA

What AICA does

AICA (Alliance of International Corporate Advisors) is a global partnership of independent middle-market M&A advisory firms, headquartered in Amsterdam, the Netherlands, with a registered office in Utrecht. Founded in 2009, the organization operates as a coordinated network of member firms across more than 30 countries spanning EMEA, the Americas, and Asia. It delivers advisory services across four practice areas: Sell-Side M&A Advisory, Buy-Side M&A Advisory, Corporate Finance Advisory, and Debt Advisory, covering eight sector verticals including Healthcare, Industrials & Manufacturing, Technology/Media/Telecoms, Consumer & Retail, Business Services, Distribution, Energy, Financial Services, and Transportation.

The core "technology" is non-technological — there is no proprietary platform, software product, or AI-enabled tooling. The offering is structured as professional services delivered through senior partners at local member firms, with the AICA brand providing international coordination, cross-border referral flow, and joint execution on multi-jurisdictional mandates. Member firms retain independent ownership and operate autonomously while collaborating through the AICA partnership.

AICA generates revenue through transaction-based professional advisory fees earned upon successful completion of M&A and corporate finance mandates. The GTM motion is enterprise field sales driven by senior-partner-led client engagement, with top-of-funnel activity generated through professional network referrals, industry events, and LinkedIn presence. The primary customer segments are middle-market companies (sell-side and buy-side) and business owners/founders pursuing exits, succession, or strategic transactions. No publicly disclosed pricing tiers exist, and revenue is not reported at the network level given the federated ownership structure.

Name

AICA

Legal name

The Alliance of International Corporate Advisors

Website

https://aicanetwork.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

AICA is a global partnership of independent middle-market M&A advisory firms operating across 30+ countries from Amsterdam. It provides sell-side, buy-side, corporate finance, and debt advisory services to middle-market companies and business owners through locally-senior member firms coordinated under a shared brand.

Ownership category

akta.pro rank

Headquarters

HQ city

Utrecht

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. M&A Advisory Services: AICA generates revenue through professional advisory fees from M&A transactions including sell-side and buy-side mandates, corporate finance advisory, and debt advisory services. Revenue is transaction-based, earned upon successful deal completion.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

AICA is an integrated global partnership of middle-market M&A professionals that delivers advisory services for business sales and divestitures, mergers, acquisitions, capital raises, joint ventures, and other strategic transactions. The firm operates as a network of independent member firms across 30+ countries, providing sell-side M&A advisory, buy-side M&A advisory, corporate finance advisory, and debt advisory. Clients receive personalised senior partner attention from local firms, amplified by the resources and cross-border reach of the global AICA network.

Product overview

AICA is an integrated global partnership of middle-market M&A professionals providing advisory services rather than a software product company. The firm offers a coordinated network of advisory services through member firms, including Sell-Side M&A Advisory, Buy-Side M&A Advisory, Corporate Finance Advisory, and Debt/Equity Advisory. The network connects clients with local, personalized senior partner attention amplified by global expertise and resources. AICA does not offer a unified software platform or modular product architecture; its offering is professional advisory services delivered through member firms across 30+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Sell-Side M&A Advisory

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

20 partnerships are on record, tiered core.

• FRP Corporate FinancecoreStrategic or Co-development PartnerUK-based member firm providing M&A advisory services including sell-side, buy-side, and other advisory engagements. FRP has executed multiple transactions through AICA including Project Brunel (N-Able Group sale to RSK Group), Project Hammer (Fall Protection UK MBO), and Project Lipari (NexSys Solutions sale to SYSPRO).
• ABACUS Corporate FinancecoreStrategic or Co-development PartnerGerman member firm that advised on the sale of ImmoKonzept Facility GmbH to PHM Group. Located in Bochum with operations in Ruhr region and Hamburg.
• VDPcoreStrategic or Co-development PartnerBelgian member firm providing M&A advisory. Advised on TMS Software acquisition by Legacies and acted as advisor to Peasy in Meilleurtaux acquisition. Also advised on Hypotheek.winkel strategic partnership with Vortex Capital Partners.
• AlpaxcoreStrategic or Co-development PartnerEcuador-based member firm with operations across Latin America. Advised on multiple transactions including Grupo Amiria shopping center sale to Grupo Chemin, Vita Alimentos acquisition of Delcampo, and La Industria Harinera sale to Industrial Danec.
• DDA & CompanycoreStrategic or Co-development PartnerUS-based member firm with Paris office. Advised on Nutricia acquisition of Real Food Blends. Specializes in cross-border transactions and high-tech, IT, and healthcare sectors.
• BCC AdviserscoreStrategic or Co-development PartnerIowa-based US member firm providing M&A advisory services. Handles middle-market transactions across various industries including manufacturing, distribution, and business services.
• YES Corporate FinancecoreStrategic or Co-development PartnerNetherlands-based member firm. Advised on Arcola acquisition of Mattisson Healthcare, BCU acquisition of Jan van de Graaf, and multiple other transactions across the Netherlands.
• EdgePointcoreStrategic or Co-development PartnerUS-based member firm specializing in sell-side advisory for privately-held companies. Has executed numerous transactions across industrial, business services, and healthcare sectors.
• Carter Morse & GoodrichcoreStrategic or Co-development PartnerConnecticut-based US member firm providing M&A advisory services. Advised on Project Gas Station & C-Store sale to Global Partners, GEM Manufacturing recapitalization, and multiple other transactions.
• MD Banca de InversióncoreStrategic or Co-development PartnerColombian member firm focused on middle-market transactions. Advised on UNI2 Microcrédito acquisition, Alaga fintech sale, and Italcol asset acquisition from Corporación Fernández.
• Hoffmann & PartnercoreStrategic or Co-development PartnerSwitzerland-based member firm specializing in healthcare and life sciences M&A. Advised on PharmaX Solutions sale to BioPhorum, Senn Chemicals sale to Granules India, and Nostos Genomics sale to Limbus Medical.
• INEO CorporatecoreStrategic or Co-development PartnerSpanish member firm providing M&A advisory. Advised on Girbau US subsidiary sale to EVI Industries, hydroelectric power plants sale in Chile, and multiple other European transactions.
• Evli Corporate Finance ABcoreStrategic or Co-development PartnerSwedish member firm providing M&A advisory services. Advised on Allderma sale to Avia Pharma and other Nordic transactions.
• SIPAREXcoreStrategic or Co-development PartnerFrench member firm providing M&A advisory services. Participated in recapitalization transactions through the AICA network.
• Sequeira PartnerscoreStrategic or Co-development PartnerCanadian member firm providing M&A advisory. Advised on Prairie Steel sale to WGI Westman Group, Falcon Equipment sale to RELAM, and other Canadian transactions.
• Acquisitions Northwest Inc.coreStrategic or Co-development PartnerUS-based member firm advising on Liberty Orchards sale to KDV Group (confectionery sector).
• Diamond Capital AdvisorscoreStrategic or Co-development PartnerUS-based member firm. Advised on Jondo Global acquisition by Circle Graphics and other transactions.
• Sage Capital LimitedcoreStrategic or Co-development PartnerThailand-based member firm providing IPO advisory and M&A services. Advised on Baht 1.2 billion IPO and listing on the SET.
• Merisis AdvisorscoreStrategic or Co-development PartnerIndia-based member firm providing M&A advisory. Advised on Perfios asset purchase transaction and Yocket sale to Leap Finance.
• Genesis Investment ConsultantscoreStrategic or Co-development PartnerMember firm that advised D Partners (Viola) on $60M PE fund close.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• RSM Corporate Finance: Global corporate finance advisory practice within RSM's accounting network, providing middle-market M&A and transaction advisory services. Comparable in target client profile and cross-border capability, though embedded in a broader professional services platform.
• Livingstone Partners: International mid-market M&A advisory firm with offices across Europe, North America, and Asia. Comparable in deal size focus and sector coverage but operates as an integrated firm rather than a federated network of independent member firms.
• BDO Corporate Finance: Global corporate finance advisory arm of BDO accounting network, serving mid-market M&A mandates across 60+ countries. Comparable in middle-market positioning and international reach but backed by a larger accounting/audit infrastructure.
• Lincoln International: Global investment bank specializing in mid-market M&A advisory, with deeper sector specialization (industrials, healthcare, tech) and larger-scale operations than AICA. Comparable in target market but operates as a single integrated firm rather than a federation.

Emerging players

• Grata: AI-powered M&A deal sourcing and target identification platform serving middle-market buyers and advisors. Comparable as a competing route for middle-market deal origination but represents a tech-enabled threat rather than a traditional advisory peer.

Direct peers

• M&A International: Global network of independent middle-market M&A advisory firms operating across multiple countries. Directly comparable as a federated network model serving cross-border middle-market transactions, competing with AICA for the same client mandate pool.
• Clairfield International: Global M&A advisory firm with member offices across Europe, Americas, and Asia, specializing in mid-market cross-border transactions. Directly comparable in network structure, deal size focus, and sector breadth to AICA's offering.
• IMAP: International M&A Partnership with member firms across 40+ countries focused on mid-market transactions. Directly comparable as a federation of independent advisors offering cross-border M&A services with similar sector coverage and deal size profile.
• M&A Worldwide: Global network of independent corporate finance advisors covering 30+ countries with a middle-market focus. Directly comparable in network scope, member firm structure, and target client segment to AICA.
• Corporate Finance Associates (CFA): International network of middle-market M&A advisors with offices in North America, Europe, and Asia. Directly comparable in target client profile (middle-market companies), service mix (sell-side, buy-side, financing), and federated member firm model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/aicanetwork
• LinkedInlinkedin.com/company/alliance-of-international-corporate-advisors

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AICA