Corporate finance advisor Duff & Phelps has agreed to buy Kinetic Partners. No financial terms were disclosed. Kinetic Partners is a provider of professional services. The deal is expected to be completed in early 2015. Duff & Phelps is owned by The Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group.
NEW YORK–(BUSINESS WIRE)–Duff & Phelps Corporation, the premier global valuation and corporate finance advisor, today announced the signing of a definitive agreement to acquire Kinetic Partners, a global professional services firm. As a result of this transaction, Duff & Phelps will create a dedicated Financial Regulatory and Compliance Practice, based on Kinetic Partners’ recognized leadership in providing regulatory consulting and compliance counsel to the financial services industry.
In addition to the new Financial Regulatory and Compliance Practice, which will be led by Kinetic Partners’ CEO and Founding Partner Julian Korek, clients will benefit from enhanced corporate recovery, forensic, valuation, corporate finance and tax expertise across both firms. Kinetic Partners will expand Duff & Phelps’ footprint in New York, London, Dublin and Hong Kong, and introduce new offices in Luxembourg, the Channel Islands, the Cayman Islands and Singapore. The transaction is expected to close in early 2015, pending European regulatory review.
Noah Gottdiener, chief executive officer of Duff & Phelps said, “Kinetic Partners is a well-respected global brand that brings unique financial regulatory and compliance expertise to Duff & Phelps. This represents an ideal complement to our suite of valuation services, especially in the alternative asset management sector, where together we serve many of the world’s leading hedge funds and private equity firms. In addition, Julian has built a culture of excellence that, like our own, emphasizes client service, deep technical skill, and financial industry expertise. We welcome the Kinetic Partners team to Duff & Phelps.”
Mr. Korek added, “The financial services industry continues to feel the impact of recently introduced regulations, as well as the ongoing scrutiny of global regulators. We will continue to provide high-quality advice from start-ups through major financial institutions, and we are delighted to join the dedicated and committed professionals at Duff & Phelps to address these challenges on behalf of our clients. I am confident that our clients and employees will benefit from the expanded opportunities and breadth of services that come from joining Duff & Phelps.”
About Duff & Phelps
Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute consulting, M&A and restructuring. The firm’s more than 1,000 employees serve a diverse range of clients from offices in North America, Europe and Asia. For more information, visit www.duffandphelps.com.
M&A advisory and capital raising services in the United States are provided by Duff & Phelps Securities, LLC. Member FINRA/SIPC. Pagemill Partners is a Division of Duff & Phelps Securities, LLC. M&A advisory and capital raising services in the United Kingdom and Germany are provided by Duff & Phelps Securities Ltd., which is authorized and regulated by the Financial Conduct Authority.
About Kinetic Partners
Established in 2005, Kinetic Partners has built a multidisciplinary team of industry recognized experts, drawn from regulators, financial institutions, asset management firms and leading professional services firms around the world. The firm has gained an excellent reputation for the quality of service, and currently advises over 1,300 clients across ten global offices in New York, Hong Kong, London, Chicago, Dublin, the Cayman Islands, Switzerland, Luxembourg, the Channel Islands and Singapore.