Industry Advisory M&A: Investcorp Acquires CrossCountry Consulting

International selection funding company Investcorp has received a majority stake in CrossCountry Consulting, a industry advisory company, for an undisclosed quantity.

That is era M&A deal number one,026 that ChannelE2E has coated to this point in 2022. See greater than 2,000 era M&A offers involving MSPs, MSSPs & IT provider suppliers indexed right here.

Investcorp Acquires CrossCountry Consulting

Investcorp, based in 1982, is based totally in Manama, Bahrain. The corporate has 652 staff indexed on LinkedIn. InvestCorp’s spaces of experience come with Choice Investments, Personal Fairness, Actual Property Funding, International Hedge Finances, Credit score Control, Strategic Capital, GP Staking, CLOs, Direct Lending, Infrastructure, and Senior Secured Loans.

CrossCountry Consulting, based in 2011, is based totally in McLean, Virginia. The corporate has 652 staff indexed on LinkedIn. CrossCountry’s spaces of experience come with Accounting, Chance & Compliance Advisory Products and services, Industry Transformation, Era, Cyber, Clever Automation, Personal Fairness, Company Transactions, Monetary Products and services, Biotech, Healthcare, Coupa, Sage Intacct, and ESG.

CrossCountry represents shoppers within the non-public fairness, monetary products and services, existence sciences, actual property, and hospitality sectors, amongst others. Its footprint has grown considerably during the last 10 years with execs positioned throughout the US and globally in Eire, South Africa, and the Philippines.

For its section, Investcorp has workplaces in the US, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, and Singapore. The company has invested in tech-enabled products and services prior to now, together with AlixPartners, ICR, PRO Limitless (now Magnit), Resultant, and United Ability Company.

Investcorp Acquires CrossCountry Consulting: Management Perception

Dave Tayeh, head of personal fairness – North The usa, Investcorp

Dave Tayeh, head of personal fairness – North The usa, Investcorp, commented:

“We’re excited to spouse with the CrossCountry group who’ve pushed sturdy natural enlargement and profitability since inception. CrossCountry’s relentless focal point on remarkable shopper provider has enabled this sustained observe file of enlargement. There are a number of macro topics riding endured alternative in accounting advisory, together with the upward thrust of outsourcing and the evolving position of the finance serve as to contain era as companies digitize their operations. We imagine that our lengthy historical past of operating with skilled products and services corporations, and the possible synergies throughout our present portfolio on this house, will lend a hand CrossCountry reach its subsequent segment of enlargement.”

Erik Linn, co-founder and managing spouse, CrossCountry Consulting, stated:

“As we proceed to extend our achieve, our partnership with Investcorp places us in the most productive place to unravel new, advanced demanding situations for our shoppers, whilst rising our remarkable group. We owe a lot of our luck over time to our unbelievable shoppers and staff; we imagine Investcorp is the fitting spouse with whom we will be able to extend our functions, and we stay up for a brand new, thrilling bankruptcy of enlargement in combination.”

Philippe Bouchard, senior director, PSP Investments, stated:

“CrossCountry’s co-founders and control group have constructed a number one monetary advisory company with a differentiated tradition during the last decade. As a supplier of long-term strategic capital, PSP Investments is happy to again this transaction along Investcorp. We imagine CrossCountry is strategically situated in its trade and we stay up for operating with all shareholders to fortify the corporate’s enlargement potentialities over the approaching years.”

Steve Miller, managing director, non-public fairness – North The usa, Investcorp, added:

“The boutique accounting advisory serviceable marketplace is estimated to be just about $10 billion and projected to develop double digits over the approaching years. Having checked out many alternatives within the house, what attracted us maximum to CrossCountry is its best-in-class tradition and noteworthy worker engagement metrics. We imagine that bodes smartly for his or her skill to proceed to recruit and retain the most productive ability within the trade and develop above marketplace.”

Guggenheim Securities acted because the monetary consultant to CrossCountry Consulting, Clearsight Advisors prompt RLH Fairness Companions, and Houlihan Lokey acted because the consultant to Investcorp and PSP Investments.

What do you think?

Written by worklifecoach

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

Ability Chief Paul Thatcher Joins OneShield Device

Topic in spite of everything arrives on units you’ll if truth be told use