FTI Strengthens Its Australian Presence With Acquisition of Perth Consultancy
WEST PALM BEACH, Fla., Oct. 24 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN), through its strategic communications arm, FD, today announced that it has further strengthened its capabilities in Australia with the acquisition of Perth's leading corporate communications and investor relations firm. Terms of the transaction were not disclosed.
The Perth consultancy is owned and managed by Directors Paul Downie and John McGlue who have extensive experience in financial transaction support and corporate communications. The business previously traded under an international communications brand.
The Perth business provides advice to a client base of Western Australia's largest listed and private companies. The firm has also worked alongside corporate advisers and financiers on some of WA's biggest ASX listings and corporate transactions.
They will now operate under the FD Third Person brand, working alongside FD's existing Sydney and Melbourne offices.
"This acquisition aligns very well with our existing corporate communications and investor relations expertise in Australia and will broaden our ability to serve our clients in this key market," said Jack Dunn, President and CEO of FTI Consulting. "In addition to the significant additional sector and industry expertise that Paul, John and their team will bring to our business, this transaction also adds further geographic coverage to our investment in the Australian market."
FD's Group Chief Executive Charles Watson, said the Perth office would bring significant new capabilities to the Group's operations in Australia, as well as to FD's natural resources expertise globally.
"We are very excited to welcome Paul, John and their team of experienced and talented consultants to FD," said Mr. Watson. "The combination of their business with that of FD Third Person unquestionably now creates Australia's leading financial communications consultancy. As a leader in their field with a significant footprint in the capital markets and financial communications sectors, this offers us an outstanding opportunity to grow our national presence and client service."
FD recently won the inaugural Financial Times-Mergermarket Asia-Pacific Public Relations Firm of the year for 2008.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
FD is the strategic communications division of FTI Consulting Inc. One of the world's most highly regarded consultancies in the communications industry, FD employs more than 730 staff and advises more than 1,000 clients worldwide through its hub offices in London and New York, as well as its network of wholly-owned offices in Bahrain, Beijing, Bogota, Boston, Brussels, Cape Town, Chicago, Dubai, Dublin, Frankfurt, Hong Kong, Johannesburg, Los Angeles, Manchester, Moscow, Paris, Panama City, Perth, San Francisco, Shanghai, Singapore and Washington, D.C. With a 20 year history of advising clients in both the private and public sectors, FD's services include financial public relations, investor relations, public affairs, crisis and issues management and corporate, business- to-business and business-to-consumer communications. FD is also a market leader in M&A advisory work around the world. FD is structured around specialist sector teams operating on an international basis, covering consumer industries, financial services, basic industries, business services, life sciences & healthcare, media, real estate, technology and telecommunications. For more information, please visit: www.fd.com.
About FD Third Person in Perth
The new Perth office of FD Third Person is a corporate communications and investor relations business specialising in transaction communications and issues management. The firm has extensive experience working on complex, challenging transactions and managing issues on behalf of clients. It has a significant client base of listed companies, private groups and government trading enterprises. The experienced Perth team has a track record of achievement in projects across Australia while offering unique perspectives and services in the Western Australia market.
Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks including statements related to expected benefits and opportunities resulting from the acquisition. There can be no assurance that actual benefits, opportunities and performance will not differ from expectations. Factors that might cause such differences include, the failure to (i) accurately predict the financial contribution of the acquisition, (ii) accurately predict expected cost savings, efficiencies and other synergies, (iii) accurately predict acquisition costs, (iv) retain clients, (v) accurately predict market acceptance and demand, (vi) successfully market services and products, (vii) successfully integrate the acquisition, and (viii) retain key employees. Other factors that could impact FTI's operations and results are described under the heading "Item 1A. Risk Factors" in FTI's most recent annual report on Form 10-K, quarterly report on Form 10-Q and other filings with the Securities and Exchange Commission. FTI is under no duty to update any of the forward-looking statements to conform such statements to actual results or events and does not intend to do so.
SOURCE FTI Consulting, Inc.