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| Mark McCall |
FTI Consulting's strategic communications unit posted 8.9 percent Q3 growth to $60M as it navigated a complex financial environment marked by disruptions in global capital markets, supply chains and political uncertainty, according to Mark McCall, head of the PR group. Operating income surged 20.2 percent to $11.3M.
A robust demand for corporate reputation services in North America, Europe, Middle East and Africa sparked the solid performance.
McCall told O'Dwyer's a priority of the stratcom unit is to integrate its marketing communications services offering into the overall FTI platform.
Carlyn Taylor, co-leader of FTI's corporate finance & restructuring unit, said clients undergoing major transformation projects are eager to take advantage of stratcom's employee engagement and change management savvy.
McCall noted that FTI continues to invest in executive talent to ensure best-in-class client service.
Simon Lewis is joining FTI on Jan. 6 as EMEA vice chairman and global head of financial services for the stratcom segment.
He's the CEO of the Association for Financial Markets in Europe, former director of communications for UK prime minister Gordon Brown, first communications director for Queen Elizabeth and director of corporate affairs at Vodafone, Centrica and NatWest.
Earlier this month, Anne MacGregor signed on as managing director in Brussels.
Most recently, a national partner at Dechert LLP, the 25-year veteran of the European Union legal and regulatory scene, will advise and counsel clients on antitrust, M&M, state aid and trade matters.
For the nine-month period, stratcom registered a 6.9 percent growth in revenues to $176.8M and a 12.9 percent advance in operating profit to $30.7M.
Billable headcount rose 10.3 percent to 719 staffers from a year ago.
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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