Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Chicago Partners, LLC
Sale to Navigant Consulting, Inc.
Baird served as the exclusive financial advisor to Chicago Partners in this transaction.
Chicago Partners, LLC (“Chicago Partners”) has been acquired by Navigant Consulting, Inc. (NYSE: NCI). Under the terms of the agreement, Navigant will pay $50 million in cash and $23 million in stock to acquire Chicago Partners, which can also earn additional purchase consideration based on achieving certain post-closing performance targets. Chicago Partners’ total revenues for 2007 were $46 million.
Founded in 1994, Chicago Partners provides economic and financial analyses of legal and business issues for law firms, corporations and government agencies. The Chicago Partners team includes more than 90 leading academic and industry professional consultants, with backgrounds in economics, accounting and finance. Their work has spanned every major industry and typically focuses on issues including securities litigation, antitrust, valuation and asset pricing, forensic accounting, intellectual property and labor market discrimination.
Navigant Consulting, Inc. is a specialized independent consulting firm providing dispute, financial, regulatory and operational advisory services to government agencies, legal counsel and large companies facing the challenges of uncertainty, risk, distress and significant change. The company focuses on industries undergoing substantial regulatory or structural change including healthcare, energy and financial and insurance services and on the issues driving these transformations.