Global Investor Consortium to Acquire Duff & Phelps for USD 4.2 Billion | Financial Buzz

Global Investor Consortium to Acquire Duff & Phelps for USD 4.2 Billion

Duff & Phelps advises clients in the areas of valuation, corporate finance, investigations, disputes, cybersecurity, compliance and regulatory matters, and other governance-related issues.

Global Advisor that protects, restores and maximizes values for clients, Duff & Phelps announced that a global investor consortium will acquire Duff & Phelps for USD 4.2 Billion.  The global investor consortium is led by funds that are managed by Stone Point Capital and Further Global.  Permira funds is among the equity sellers that will continue to hold a large stake in the company as part of the consortium.  The management team at Duff & Phelps will continue to hold their equity stake in the firm and continue to lead the company.  The transaction is expected to close in q2 of 2020. 

Noah Gottdiener, Chief Executive Officer of Duff & Phelps, commented, “This partnership marks a vote of confidence in the long-term growth of Duff & Phelps. We are grateful to Permira and are thrilled that they will continue to be investors. We are also excited to have the backing of Stone Point Capital, Further Global and a world-class group of investors. Most importantly, I, along with company President Jacob Silverman, wish to thank our 3,500 Duff & Phelps colleagues who have worked tirelessly to make this company a success.”

“We are thrilled to have the opportunity to partner with Duff & Phelps again and participate in the next phase of growth for the company,” said Chuck Davis, Chief Executive Officer of Stone Point Capital. “The firm maintains a strong brand position and an outstanding entrepreneurial culture that will drive its continued success. We look forward to working closely with Noah, Jake and the rest of the team as we help them realize their strategic vision.”

Olivier Sarkozy, Founder and Managing Partner of Further Global, added, “I am delighted to be reunited with Stone Point and the Duff & Phelps management team as we work to continue to build upon the incredible global franchise that Duff & Phelps has become.”

Nic Volpi, a Partner at Permira, commented, “Since the Permira funds’ 2018 investment in Duff & Phelps, the company has meaningfully expanded its capabilities through the strategic acquisitions of Kroll and Prime Clerk. The transformation of Duff & Phelps, over the last two years, is a testament to the strength and talents of Noah, Jake and the entire executive team. From day one, we’ve had a deep and collaborative partnership, and we look forward to the team’s future success.”

Daniel Brenhouse, a Permira Principal added, “There are still tremendous opportunities ahead and we are pleased to support Duff & Phelps’ continued global expansion as part of the investor group.”