FTI Consulting, Inc. (NYSE: FCN) today announced that it has entered into a definitive agreement to acquire BOLD, a leading restructuring, transactions, digital and transformation advisory firm in the Netherlands. The acquisition is expected to close during the first quarter of 2022. Terms of the transaction were not disclosed.
FTI Consulting, Inc. (NYSE:FCN) today announced that it has entered into a definitive agreement to acquire BOLD, a leading restructuring, transactions, digital and transformation advisory firm in the Netherlands. The acquisition is expected to close during the first quarter of 2022. Terms of the transaction were not disclosed.
Founded in 2013 by Klaas Wagenaar and Gerrit van Munster, BOLD helps businesses become and stay relevant and successful in times of strategic change and mergers and acquisitions. The acquisition will extend FTI Consulting’s restructuring, business transformation, digital and transactions teams to the Dutch market and will provide BOLD’s existing clients with access to FTI Consulting’s diversified platform.
“We are delighted to welcome the BOLD team to FTI Consulting,” said Steven H. Gunby, President and Chief Executive Officer of FTI Consulting. “We are so pleased to attract a powerful team with a great reputation in the Netherlands, a geography where we have not historically had a substantial presence. Combining this group with the powerful global network that we have been investing in will, we believe, allow us to even better serve our clients with their most critical challenges and opportunities.”
Thirty-one billable professionals, including two senior managing directors and eight managing directors, will join the Corporate Finance & Restructuring segment at FTI Consulting. As a trusted partner to companies, boards of directors, investors, lenders and creditors around the world, the Corporate Finance & Restructuring segment helps clients address the full spectrum of restructuring, transformational, digital and transactional risks and opportunities across diverse industries and guides companies through the value-creation life cycle.
“The addition of BOLD continues our focus on growth in Europe, the Middle East and Africa,” said Diederick van der Plas, Head of EMEA Corporate Finance & Restructuring at FTI Consulting. “Like BOLD, we pride ourselves on working side-by-side with our clients to help them address complex strategic, operational and financial concerns. The combination of our teams will enable us to better serve Dutch companies with operations in international markets, as well as multinational organizations with interests in the Netherlands.”
Commenting on the transaction, Klaas Wagenaar said, “FTI Consulting is the ideal partner for us. This combination will allow us to harness the expertise and coverage of an international player that shares our entrepreneurial approach to provide a more hands-on service provider for clients in the Netherlands. We are proud of what we have built at BOLD, and we look forward to the next chapter of our journey with FTI Consulting.”