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8-K - Duff & Phelps Corp | v205808_8-k.htm |
FOR
IMMEDIATE RELEASE
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Duff
& Phelps Acquires Dynamic Credit Partners’ U.S. Consulting Business and June
Consulting Group
Addition
of 22 Professionals Expands Complex Valuation Capabilities and Legal Management
Services
NEW YORK, New York, Date - Duff & Phelps
Corporation (NYSE: DUF), a leading independent financial advisory and investment
banking firm, today announced that it has acquired Dynamic Credit Partners’ U.S.
consulting business, a New York-based provider of valuation services for complex
financial instruments, and June Consulting Group, a Houston-based advisor to
corporate legal departments on technical and operational issues. The
transactions, terms of which were not disclosed, accelerate growth initiatives
in Duff & Phelps’ Corporate Finance Consulting and Legal Management
Consulting practices.
“Both
Dynamic Credit Partners’ U.S. consulting business and June Consulting Group are
valued by their clients for unmatched technical know-how and efficient solutions
to complex issues,” said Noah Gottdiener, chief executive officer of Duff &
Phelps. “Integrating these two like-minded firms into the Duff & Phelps
culture and service platform expands our footprint in key markets. These
strategic investments also fall in line with our commitment to deploying capital
for growth.”
Dynamic
Credit Partners’ U.S. consulting business leverages proprietary analytic
applications to value complex securities, including mortgage backed securities,
a variety of CDOs and other derivative instruments. Founded in 2003, the firm is
led by Jim Finkel and works with some of the largest international hedge funds,
pension funds, banks, insurers, rating agencies and law firms. The acquisition
adds 10 client service professionals to Duff & Phelps’ Corporate Finance
Consulting practice. Finkel joins Duff & Phelps’ New York office as a
managing director and leader of the firm’s Financial Engineering
practice.
June
Consulting Group advises in-house counsel at many Fortune 500 companies and
other organizations to optimize legal operations, risk mitigation programs and
technology systems, including eBilling. Founded in 2006 by Louann Barnett, the
firm gained recognition as a woman-owned firm certified by the Women's Business
Enterprise National Council. The acquisition adds 12 client service
professionals to Duff & Phelps’ Legal Management Consulting practice.
Barnett joins Duff & Phelps as a managing director in the Houston
office.
FOR
IMMEDIATE RELEASE
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About
Duff & Phelps
As a
leading global independent provider of financial advisory and investment banking
services, Duff & Phelps delivers trusted advice to our clients principally
in the areas of valuation, transactions, financial restructuring, dispute and
taxation. Our world class capabilities and resources, combined with an agile and
responsive delivery, distinguish our clients' experience in working with us.
With offices in North America, Europe and Asia, Duff & Phelps is committed
to fulfilling its mission to protect, recover and maximize value for its
clients. Investment banking services in the United States are provided by Duff
& Phelps Securities, LLC. Investment banking services in the United Kingdom
and Germany are provided by Duff & Phelps Securities Ltd. Duff & Phelps
Securities Ltd. is authorized and regulated by the Financial Services Authority.
Investment banking services in France are provided by Duff & Phelps SAS. For
more information, visit www.duffandphelps.com. (NYSE: DUF)
Investor
Relations
Marty
Dauer
+1 212
871 7700
investor.relations@duffandphelps.com
Media
Relations
Alex
Wolfe
+1 212
871 9087
alex.wolfe@duffandphelps.com