FTI Consulting buys US based restructuring consultancy CDG Group

13 July 2017 Consultancy.uk

FTI Consulting has acquired CDG Group, a New York based consultancy specialising in restructuring services. The deal sees 19 partners and senior advisors join FTI’s North American Turnaround & Restructuring arm. 

The added group, a privately held advisory founded in 1998, brings expertise to FTI that spans a range of financial advisory services, including restructuring, turnaround management, solvency analysis, debt restructuring, liquidity sourcing, as well as strategic planning, M&A advisory and corporate finance. 

The move bolsters FTI’s Turnaround & Restructuring practice, which sits within its broader Corporate Finance & Restructuring business. “The addition of these professionals will further enhance FTI Consulting’s top restructuring position in North America by strengthening the firm’s company-side and interim management capabilities”, said Michael Eisenband, Global Co-Leader of the Corporate Finance & Restructuring segment at FTI Consulting, adding “CDG is a renowned corporate finance and restructuring advisory business with an impressive reputation and track record of client success.”

FTI Consulting is one of the major players in the restructuring advisory landscape, both globally as well as in the US. The firm’s consultants help clients facing distress stabilise finances and operations, and craft turnaround strategies for renewed success. For clients in crisis, the advisors develop liquidity forecasts, improve cash-flow management, obtain additional financing, negotiate loan covenant waivers and guide complex debt restructuring. FTI’s arm also provides analytical and advisory services to lenders and unsecured creditors of distressed borrowers. Testimony to its leading position, FTI was earlier this year honoured with 16 ‘Turnaround Awards’ by M&A Advisor, one of the main client-driven platforms for financial advisory in North America. “These awards demonstrate our dedication to delivering best-in-class turnaround and restructuring expertise for our clients”, said Eisenband.

FTI Consulting buys US based restructuring  consultancy CDG Group

As part of the transaction, 19 professionals, including five Senior Managing Directors, join FTI Consulting, based in New York. Robert Del Genio, co-founder of CDG Group and a former Corporate Finance Partner at EY, has been appointed Senior Managing Director and Co-Leader of FTI’s Corporate Finance & Restructuring segment in the New York Metro region – he will lead the unit alongside Senior Managing Director Steven Simms.

Commenting on the integration within the larger consultancy – FTI Consulting has more than 4,700 employees located in 29 countries – Del Genio said, “As the preeminent turnaround and restructuring firm in the US, FTI Consulting is the ideal platform for our team to enhance and expand our client offerings and relationships. Our expanded practice, deep bench of experienced professionals and business synergies will only enhance FTI Consulting’s leading position.”

Deals closed by FTI Consulting

FTI Consulting has in recent years completed a number of acquisitions to inorganically expand its footprint. In 2014, FTI Consulting for instance acquired London-based TLG Partners, while in 2015 it picked up Netherlands based tax expert Global VAT Compliance and international media specialist HighView Media. Late last year the global advisory firm bolted-on a large team of consultants from JSB, a UK based learning, development and organisational consulting firm. 15 professionals joined its ranks in London, operating in its Employee Engagement & Change Communications practice within its Strategic Communications segment.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”