Ankura Consulting Group, a portfolio company of Madison Dearborn Partners since March 2016, has agreed to acquire the Disputes, Forensics and Legal Technology (DFLT) segment and its Transaction Advisory Services (TAS) of Navigant.
Ankura Consulting Group’s services include forensic and dispute consulting, turnaround and restructuring consulting, financial risk and controls advisory, corporate investigation, geopolitical risk assessment, transaction advisory, valuation and visual communications services. Customers include both corporate and public sector clients. The company is headquartered in Washington DC with 13 additional offices across the US and in Puerto Rico (www.ankuraconsultinggroup.com).
The addition of Navigant’s DFLT and TAS businesses strategically complements Ankura’s existing capabilities and geographic reach and creates a business advisory firm with over 1,400 employees in 34 offices worldwide and over $500 million in revenues.
“Bringing Navigant’s global DFLT and TAS businesses to Ankura represents a milestone opportunity to establish a global footprint, enhance our client offerings, deepen our relationships with our clients, and provide new and exciting opportunities for our people,” said Roger Carlile, CEO of Ankura. “Ankura was founded to create a different kind of business advisory firm based on collaboration and innovation, and our success and growth is a testament to our approach. Navigant’s DFLT and TAS professionals are leading experts in their fields who share these same beliefs, and we are excited to welcome our new colleagues to our growing platform.”
Madison Dearborn (MDP) invests in privately held or publicly traded companies in the following sectors: basic industries; business and government software and services; financial and transaction services; health care; and telecom, media and technology services. In August 2016 the firm closed its seventh buyout fund at $4.4 billion. Madison Dearborn was founded in 1992 and is based in Chicago (www.mdcp.com).
Navigant Consulting (NYSE: NCI) is a global professional services firm that provides advisory, consulting, outsourcing, and technology/analytics services to companies active in the healthcare, energy and financial services industries. The company, headquartered in Chicago, has nearly 50 offices in the United States, Canada, Europe, Middle East and Asia (www.navigant.com).
Jefferies was the financial advisor to Navigant. Deutsche Bank Securities and SunTrust Robinson Humphrey served as financial advisors to Ankura.
This transaction is valued at $470 million and is expected to close during the third quarter of 2018.
© 2018 Private Equity Professional | June 25, 2018
