 Steven Gunby |
FTI Consulting reported that its strategic communications unit enjoyed a 5.1 percent growth spurt to $48.2M driven by a hike in retainer-based revenues. The segment’s EBITDA jumped 8.0 percent to $8.1M.
Overall, FTI posted a 2.5 percent quarterly revenue gain to $449M due to a bullish performance in the corporate financial and restructuring group.
Net income of $32.2M topped the $21.7M earnings of a year ago.
CEO Steven Gunby said in a statement that FTI’s performance reflects the leadership positions of its various practices coupled with “prudent cost management and the significant progress we have made growing and adding talent in the areas in which we have the right to win.”
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
