FTI Consulting announced that it has acquired CDG Group, a restructuring advisory, turnaround management, value enhancement and transaction advisory firm based in New York. Terms of the transaction were not disclosed.
As part of the deal, 19 professionals, including five Senior Managing Directors, will join the Turnaround and Restructuring practice within the Company’s Corporate Finance & Restructuring segment in the New York Metro region.
The addition of these professionals will further enhance FTI Consulting’s top restructuring position in North America by strengthening the firm’s company-side and interim management capabilities, says Michael Eisenband, Global Co-Leader of the Corporate Finance & Restructuring segment at FTI Consulting.
“FTI Consulting’s Turnaround and Restructuring practice is the industry leader, advising companies, creditors and investors in industries undergoing disruption and transformation. The addition of the CDG team deepens our company-side bench and expands our breadth of capabilities,” says Eisenband. “CDG is a renowned corporate finance and restructuring advisory business with an impressive reputation and track record of client success. Given our longstanding relationship with Bob and his team, I am pleased to welcome them to FTI Consulting.”
The group, led by Robert Del Genio, brings expertise that covers the entire corporate lifecycle, allowing them to provide practical solutions to businesses and their stakeholders across a wide range of industries and situations, FTI says.