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FTI Consulting has acquired Bold, a restructuring, transactions, digital advisory firm in the Netherlands with 31 billable staffers.
They will join FTI’s corporate finance & restructuring group.
FTI CEO Steven Gunby is pleased “to attract a powerful team with a great reputation in the Netherlands, a geography where we have not historically had a substantial presence.”
Klaas Wagenaar, who founded Bold in 2013 with Gerrit van Munster, called FTI an ideal partner that will allow his firm “to harness the expertise and coverage of an international player that shares our entrepreneurial approach to provide a more hands-on service for clients in the Netherlands.”
FTI expects to close the deal during the first quarter of 2022.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
WPP has adopted a gloomier profit and sales forecast due to a deteriorating Q2 financial performance triggered by weak client spending as companies cope with the challenging economic backdrop.
