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November 3, 2017

Permira Funds to snap up Duff & Phelps for $1.75bn

A company backed by private equity firm Permira Funds has agreed to buy US-based corporate finance adviser Duff & Phelps for $1.75bn.

Duff & Phelps offers advice on valuation, corporate finance, disputes and investigations, compliance and regulatory matters, among other issues. The firm employs around 2,000 client service professionals in offices across the Americas, Europe and Asia.

Permira will acquire the firm from stakeholders which include The Carlyle Group, Neuberger Berman, the University of California’s Office of the Chief Investment Officer of the Regents and Pictet & Cie.

Duff & Phelps management will however, continue to hold a significant equity stake in the firm and will retain their existing roles.

The deal is anticipated to complete in the first quarter of 2018, subject to customary conditions.

Permira partner Nic Volpi said: “Companies of all sizes and across all industries demand sound, objective and independent counsel to help them execute their most important business decisions – a demand that has grown exponentially since the financial crisis. Duff & Phelps is uniquely positioned to meet this demand as one of the only firms offering a full suite of advisory and consulting services with deep client relationships, meaningful scale and brand strength.”

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