WASHINGTON, May 18, 2020 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that it has entered into a definitive agreement to acquire certain assets of Delta Partners, a leading telecom, media & technology focused strategy consulting and investment banking firm with offices in Dubai, New York, Singapore, Barcelona, Johannesburg, San Francisco and Sydney. Founded in 2006, Delta Partners collaborates with global and regional TMT players to help them address their most challenging issues through multi-disciplinary services that combine strategic, technical, financial, analytical and operational advice with execution. The acquisition is expected to close during the third quarter of 2020, subject to customary closing conditions. Terms of the transaction were not disclosed.
“We are delighted to welcome this group of outstanding professionals to our already strong TMT practice,” said Steven H. Gunby, President and Chief Executive Officer of FTI Consulting. “Over time our teams have had the pleasure of collaborating with Delta Partners professionals, and we have seen the expertise, value and integrity they bring to their clients. Together, we look forward to continuing to deliver for the world’s leading TMT companies as they address their most significant challenges and opportunities.”
With the addition of approximately 150 billable professionals, including 21 senior managing directors, Delta Partners’ deep TMT industry expertise will extend FTI Consulting’s business transformation and transactions and FTI Capital Advisors offerings to a truly global presence.
“The addition of the Delta Partners team strengthens our strategy consulting offering and significantly bolsters our business transformation and transactions capabilities, enabling us to establish FTI Consulting as a truly global TMT advisory firm,” said Carlyn Taylor, Global Co-Leader of the Corporate Finance & Restructuring segment at FTI Consulting and the founder of the firm’s TMT industry practice. “Today, our TMT industry practice serves the largest corporations and private equity firms in the U.S. and Europe. Delta Partners brings a wealth of new corporate clients to FTI Consulting, and together our practices will achieve a formidable scale to serve any TMT client in the world with exceptional industry expertise and a wide range of services.”
Victor Font, Delta Partners’ Chief Executive Officer, will join FTI Consulting as a Senior Managing Director and will serve as Co-Leader of the Corporate Finance & Restructuring segment’s TMT industry practice alongside Luke Schaeffer. Mr. Font has more than 20 years of experience in the TMT space, advising industry leaders globally. Throughout his career, Mr. Font has led numerous strategic, operational and transformational projects. Before co-founding Delta Partners, Mr. Font was a Partner at Oliver Wyman (then DiamondCluster) in São Paulo, Barcelona and Dubai and served as a member of the firm’s Management Committee for Europe, Latin America and the Middle East.
“TMT operators are facing an environment that requires creative problem-solving and a very multi-disciplinary skill set to remain competitive. The depth of talent, breadth of expertise and complementary service offering at FTI Consulting will enable us to better serve our global clientele,” Mr. Font said. “We are proud of what we have built and accomplished at Delta Partners, and we look forward to continuing our growth trajectory as part of FTI Consulting. All our professionals are excited to shape the next phase of our journey together and build the leading TMT global advisory services firm.”
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 5,500 employees located in 27 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $2.35 billion in revenues during fiscal year 2019.
About Delta Partners
Delta Partners is the leading advisory firm specialized in the TMT industry with offices in the United States, Europe, the Middle East, Africa, Asia and Australia. The firm’s multi-disciplinary advisory services bring together strategic, technical, financial and operational advice for global and regional telecom providers, tech players and other TMT clients to help them address their most challenging strategic issues. With more than 200 professionals, the group operates globally and covers the emerging and high-growth economies with a unique approach that combines strategic perspectives with a hands-on pragmatic approach.
