Ankura Consulting Group, a Dallas-based business advisory and expert services firm founded in 2014, received a strategic growth commitment of $100 million from Madison Dearborn Partners. RBC Capital Markets LLC served as exclusive financial advisor to Ankura, and Cole Schotz PC provided legal counsel to Ankura. Kirkland & Ellis LLP provided legal advice to Madison Dearborn.
DALLAS, March 3, 2016 – Ankura Consulting Group (Ankura), a business advisory and expert services firm, announced today that it has received a strategic growth commitment of $100 million from Madison Dearborn Partners (MDP). The commitment will be funded to support Ankura’s continued expansion as a leading, independent consulting firm focused on governance, risk, compliance and restructuring services in high-value sectors.
“Ankura has experienced tremendous success since our founding in 2014, and we are so pleased to have MDP as a partner who understands our strategy and vision for the business,” said Roger Carlile, founder and Chief Executive Officer of Ankura. “With MDP’s support, we will continue building leading positions in growing sectors by attracting and retaining the very best talent in our chosen fields, adding to our capabilities through selective transactions and fostering a culture centered on our core values of collaboration, innovation and client service.”
Ankura, led by a management team with leadership experience at some of the world’s top consulting firms, provides impactful, senior-level counsel to clients facing business opportunities and complex issues from changing conditions. The firm’s expertise spans 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. Over the last year, Ankura has achieved strong growth, expanded its team of expert talent and opened offices in Dallas, New York, Washington, D.C., Atlanta and Los Angeles.
“As a dynamic organization built on our core values and collaborative culture, we are well on our way to establishing ourselves as a preeminent advisory firm providing a high-touch and unique approach to serving clients,” said Philip Daddona, Co-President of Ankura. “We will continue, now with MDP’s commitment, to seek out the best talent in the industry and expand our services to stay at the forefront of a rapidly changing world.”
“Ankura sets itself apart through the expertise of our professionals, our strong culture, focus on innovation and our dedication to serving clients,” said Kevin Lavin, Co-President of Ankura. “We aspire to be not only the best service provider in our chosen sectors but also a firm with which our employees and clients are proud to associate themselves. With MDP, Ankura is even more strongly positioned to achieve our goals.”
“Ankura, with Roger and his team of highly experienced and respected executives, is very well positioned to become a true standout in its industry,” added Vahe Dombalagian, a Managing Director at MDP and a member of the firm’s Financial & Transaction Services team. “MDP has known Roger for a long time and we are excited to start working with Ankura to support its continued expansion toward becoming a world-class consulting firm.”
RBC Capital Markets, LLC served as exclusive financial advisor to Ankura, and Cole Schotz P.C. provided legal counsel to Ankura. Kirkland & Ellis LLP provided legal advice to MDP.
About Ankura Consulting Group
Ankura Consulting Group is a business advisory and expert services firm. Its deep understanding of the opportunities and challenges clients face enables its team to provide impactful, senior-level counsel. As an independent firm built on five key principles – Integrity, Quality, Diversity, Collaboration and Longevity – Ankura’s relationships extend beyond one engagement or issue. The firm empowers its industry experts to provide a high-touch, unique approach for its clients in critical times. Ankura’s offering includes a wide range of expert witness, turnaround and restructuring, corporate investigation, disputes/litigation support, forensic accounting, geopolitical risk assessment, transaction advisory, valuation, visual communications and business advisory services. For more information: www.ankuraconsultinggroup.com.
About Madison Dearborn Partners
Madison Dearborn Partners (MDP), based in Chicago, is a leading private equity investment firm in the United States. Since MDP’s formation in 1992, the firm has raised seven funds with aggregate capital of over $21 billion and has completed approximately 130 investments. MDP invests in businesses across a broad spectrum of industries, including financial and transaction services; business and government services; health care; basic industries; consumer; and telecom, media and technology services. Its noteworthy investments include EVO Payments, NFP and Kaufman Hall. For more information, please visit http://www.mdcp.com.