Duff & Phelps to buy CounselWorks

Duff & Phelps Corp., a portfolio company of the Carlyle Group, has acquired CounselWorks LLC. Financial terms weren’t announced. CounselWorks provides strategic advisory and regulatory and compliance services to financial institutions. Equiteq provided financial advice to CounselWorks.


Equiteq, a consulting sector M&A specialist, is pleased to announce the sale of CounselWorks LLC to Duff & Phelps Corporation. Equiteq principals acted as exclusive financial advisor to CounselWorks, a leading business strategy and regulatory compliance consulting firm catering to the asset management and financial services industries. The transaction closed on January 13, 2016.


Founded in 2006 by its partners, Rosemary Fanelli and Ron Resnick, CounselWorks provides strategic advisory and regulatory and compliance services to financial institutions. The company’s services include launching new asset management firms and investment funds, developing the infrastructure necessary to attract institutional investors, registering firms with regulators and governing bodies such as the SEC, FINRA and CFTC/NFA, and serving as an external manager of regulatory and compliance programs for its clients.


The CounselWorks team will join the Duff & Phelps Financial Regulatory and Compliance Practice adding deep capabilities and an impressive US client base to a practice that was formed in connection with Duff & Phelps’ acquisition of Kinetic Partners in early 2015.


Rosemary Fanelli, CEO of CounselWorks, said, “I look forward to combining our two great teams, and advancing our reputations in the alternative asset management world. I am confident that our clients and employees will benefit from this combination of like-minded organizations.”


Nicodemo Esposito, Equiteq’s Managing Director of M&A for North America, commented, “CounselWorks is a world-class regulatory and compliance practice that has developed differentiated capabilities and a reputation as a trusted advisor to asset managers and financial institutions throughout the US. The combination of Duff & Phelps and CounselWorks will create compelling new business opportunities and provide their clients access to a broader suite of complementary service offerings. We thoroughly enjoyed working with founders Rosemary Fanelli and Ron Resnick and congratulate the entire CounselWorks team on this exciting milestone.”


Rosemary added, “Choosing Equiteq’s team to represent us was easy given their deep knowledge and expertise in the financial consulting space, and their creative and business savvy approach to strategic deal alternatives. Equiteq demonstrated a strong ability to assess issues, explain them and negotiate on our behalf, and we were pleased to have them as part of our team.”


About Equiteq (www.equiteq.com)

Equiteq is a consulting sector M&A specialist. We work with consulting firm shareholders, helping them to achieve their business objectives and exit strategies. Our services are designed to deliver great returns for our clients, by accelerating revenue, profit and equity value growth, and ultimately realizing that value in a trade sale or other type of liquidity event.


About CounselWorks (www.CounselWorksllc.com)


CounselWorks is a strategic advisory and regulatory consulting firm providing smart, business friendly project counseling and outsourced regulatory support to hedge funds, private equity firms, investment banks, broker-dealers, investment advisers and mutual fund complexes at every stage of their lifecycle.


About Duff & Phelps (www.duffandphelps.com)


Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute and legal management consulting, M&A, restructuring, and compliance and regulatory consulting. The firm’s more than 2,000 employees serve a diverse range of clients from offices around the world.


Certain members of Equiteq Inc. acted in their capacity as registered securities agents with Burch & Company, Inc. in this transaction. Equiteq and Burch are not affiliates.