 Steven Gunby |
FTI Consulting reports today that revenue growth in its strategic communications group soared 24.3 percent to $57.5M during the second quarter due to a hike in project and retainer-based businesses from financial and PA clients.
The unit’s adjusted EBITDA jumped to $11M from $4.9M from last year’s quarter.
During the half, the stratcomm business posted revenues of $110.3m (+22.7 percent) and EBITDA of $20.9M (+128.6 percent).
CEO Steven Gunby noted that FTI enjoyed a record first-half performance.
Revenues for 2Q jumped 15.1 percent to $512.1M. The firm's $43.6M net income compared to a $5.2M 2017 loss.
Inspired by FTI’s solid results, Gumby upped the full-year revenues guidance to the $1.910B to $1.960B range from the earlier $1.825B to $1.875B forecast.
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.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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