NEW YORK, November 18, 2021 / PRNewswire / – Ankura Consulting Group, LLC (“Ankura” or “the Company”), an independent global expert and consulting services company, as well as its principal investor Madison Dearborn Partners (“MDP”), a company leading private equity firm, today announced a strategic investment from HPS Investment Partners, LLC (“HPS”), a leading global investment firm, which will become a minority shareholder. The investment values the Company at $ 1.5 billion and is expected to close this calendar year.
This is a milestone in Ankura’s remarkable growth story. The initial investment of funds managed by MDP in Ankura in 2016 helped launch the company on a trajectory that allowed Ankura to grow and have more than 1,600 employees serving more than 3,000 clients in 55 countries. During this short period, Ankura has significantly expanded and improved its services and solutions while attracting leading practitioners from all over the world. With the support of the investor group, Ankura is entering its next phase of growth, based on its unwavering mission of Protect, create and Recover value for its customers.
“This new investment from HPS, along with MDP’s continued commitment and support, demonstrates the strength and performance of our business and the abundance of opportunities and leads that lie ahead,” said Kevin Lavin, Managing Director of Ankura. “While our growth story to date is remarkable, we believe we are now in a position to accelerate our growth, create even more opportunities for our colleagues and expand the reach and execution of end-to-end services and solutions we provide to our customers around the world. “
“We are delighted with the progress the Ankura team has made since 2016, building a leading company and demonstrating exceptional performance,” commented Matthieu raino, Managing Director and co-head of the MDP Financial & Transaction Services team. “We are delighted to continue to work with Ankura to further develop a truly differentiated consulting firm delivering excellence and innovation to its clients, and we look forward to partnering with HPS in this adventure. “
MDP’s capital markets group structured and organized the HPS investment. Jefferies LLC and William blair & Company act as Ankura’s financial advisers. Latham & Watkins LLP is legal counsel to HPS and Davis polk & Wardwell LLP is legal counsel to Ankura.
Ankura Consulting Group, LLC is an independent global expert and consulting services company that provides end-to-end services and solutions to help clients at critical inflection points related to change, risk, litigation, finance, performance, distress and transformation. The Ankura team is made up of more than 1,500 professionals serving more than 3,000 clients in 55 countries who are leaders in their respective fields and areas of expertise. Collaborative lateral thinking, hard-earned experience, expertise and multidisciplinary capabilities drive results and Ankura is unmatched in its ability to help clients Protect, create and recover value. For more information, please visit: www.ankura.com.
About Madison Dearborn Partners, LLC
Madison Dearborn Partners, LLC (“MDP”) is a leading private equity firm based in Chicago. Since the creation of MDP in 1992, the company has raised a global capital of more than $ 28 billion and has made more than 150 investments. MDP invests in five industry verticals, including financial and transaction services; basic industries; commercial and government software and services; health care; and telecommunications, media and technology services. For more information, please visit www.mdcp.com.
About HPS Investment Partners
HPS Investment Partners is a leading global investment firm focused on providing creative capital solutions and generating attractive risk-adjusted returns for our clients. We manage a variety of strategies across the capital structure including syndicated leveraged loans and high yield bonds, senior debt and privately traded mezzanine investments, asset-backed leasing and private equity. The scale and breadth of our platform provides the flexibility to invest in businesses large and small, through standard or custom solutions. Basically, we share a common thread of intellectual rigor and discipline that allows us to create value for our clients, who have entrusted us with about $ 75 billion of assets under management September 2021. For more information, please visit www.hpspartners.com.
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