 Mark McCall |
FTI Consulting’s strategic communications group registered eight percent growth in Q4 revenues to $54.3M, powered by robust performances in Europe, Middle East and Africa. Operating income fell 24.9 percent to $4.8M.
Mark McCall, stratcomm chief, told O’Dwyer’s that London showed impressive gains in retainers, transactions and deal volume.
He said FTI cemented linkages between Frankfurt, Paris and Brussels to position for the post-Brexit world.
US business perked up following a slow first-half, a period when spending PA and government relations clients held back spending to take a measure of actions from the White House.
For the full-year, the stratcomm unit revenues inched ahead 0.7 percent to $192.5M, while operating profit slid 43.1 percent to $13.1M.
McCall, who took over from Ed Reilly in September, expects to build on Q4 revenue momentum to achieve solid gains in 2018. “We’re firing on all cylinders,” he said.
FTI Consulting registered a 5.8 percent rise in Q4 revenues to $467.7M. It earned $66.9M (which includes a $44.9M Tax Act benefit) vs. $7.1M a year ago.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
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