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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.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
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