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Posts Tagged ‘FTI Consulting’

Roll Call: Ketchum, FTI Consulting, Cohn & Wolfe and More

Ketchum announced it has increased its investment to a significant majority position in its operations in Brazil. Previously, Ketchum owned a minority stake in the operation, which has been its valued partner in Brazil since 1997. The firm will be rebranded as Ketchum, from Ketchum Estrategia, effective immediately. Ketchum’s Brazil operation will continue to be led by its co-founders, partner and CEO Valeria Perito and partner and COO Rosana Monteiro. Long-time associate Regina Gobbo, senior vice president, will also play a vital role in the office’s future. Perito will report to Jon Higgins, Ketchum senior partner and CEO, International. Under her leadership, the Brazil team will continue to collaborate closely with other offices and affiliates across Ketchum’s global network, and in particular within the rapidly growing Latin-America region. (Release)

FTI Consulting, Inc. announced that it has bolstered its Media & Entertainment group with the addition of three professionals in Los Angeles, including Philip Schuman, who joins the firm as a senior managing director and co-leader of FTI Consulting’s Media & Entertainment group, as well as Cindy Wang and Daniel Punt who both join the firm as managing directors from HighView Media (“HVM”). In addition, FTI Consulting announced that Alexander Trauttmansdorff and Fabrice de Sez of HVM’s European unit will become affiliated with FTI Consulting to provide media and entertainment expertise in Europe. (Release)

Cohn & Wolfe has appointed Kristie Kuhl and Maura Bergen to EVP roles in its US healthcare practice. Kuhl and Bergen will focus on client relationships and respiratory product launches. Both will manage multi-layer teams at the firm. Kuhl previously worked at Makovsky as EVP and deputy practice leader during a career of more than 13 years at the firm, while Bergen previously served as MD at Twist Marketing, a W2O company, and served as director of public relations at Novartis. (PRWeek) Read more

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Brunswick, Sard Verbinnen Among Those Atop Mergermarket League Table

In terms of value, Brunswick Group topped the latest mergermarket League Table for PR advisors working on global M&A projects with deals worth $122.6 billion for the first half of the year. That’s an increase of more than 26 percent over last year. In terms of volume, the top spot goes to FTI Consulting with 97 deals.

However, the overall M&A market was a sluggish one, with global M&A down more than 18 percent to $968.5 billion for the first half of the year. It was the lowest half year total in the U.S. since 2003.

In the U.S., Sard Verbinnen & Co. took the top spot for value; it worked on deals worth nearly $79 billion. For volume, Kekst & Company was the most active with 62 deals. In Europe, RLM Finsbury worked on deals valued at $95.6 billion, taking the top spot. That firm worked on the biggest deal of the first half — Glencore International and Xstrata — worth about $53.5 billion.

For more on the latest mergermarket League Table, click here.

RLM Finsbury, Brunswick Group Top League Tables

RLM Finsbury tops the list of M&A firms by value for the first quarter of 2012. The latest PR league tables, provided by mergermarket, show the firm handled 25 deals worth $89.9 billion during Q1. Tied for second place are Aura Financial and Stockwell Communications, which each had only one whopper of a deal valued at $53.5 billion. Both of these firms and RLM Finsbury worked on the Glencore International/Xstrata deal.

Topping the list of firms based on volume is Brunswick Group with 41 deals valued at about $38.8 billion. In at number two is FTI Consulting with 33 deals valued at about $5.2 billion.

Speaking of FTI Consulting, that firm released research showing that having a succession plan in place reduces the risk to stock price that a CEO departure can have.

“The study found that investors care a great deal about the reputation of a CEO when they’re deciding whether to buy or sell shares. On average, nearly a third of investment decisions are based on the perception of the CEO,” Forbes writes.

FTI’s Strategic Comms Group Has Slight Drop in Q4 Revenue, Increase for the Year

FTI Consulting made its Q4 2011 earnings announcement on Friday, with its Strategic Communications area showing a slight dip in revenue. However, for the year, there was an increase.

Q4 2011 ended with revenue totaling $49.2 million, a decrease from $49.9 million year-over-year. However, revenue for the year was at $200.9 million, an increase from $193.2 million in 2010. FTI’s Strategic Communications area was previously Financial Dynamics.

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Kodak CEO Emphasizes the Future During Chapter 11 Process

Not unexpected news came down today: Eastman Kodak has filed for Chapter 11 bankruptcy protection. The company was unable to sell more than 1,000 digital imaging patents to raise cash, but says it has financing to continue normal operation.

The Kodak website is filled with the usual Chapter 11 information — press release, FAQs, and links to court documents. According to the Associated Press, FTI Consulting is among the advisors helping during the process.

There’s also a video with the company’s CEO Antonio Perez talking about the reorganization. In it, his message is clear. This is a move towards Kodak’s future, not its demise.

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FTI Consulting Reports Record Q3 Revenues, But Strategic Comms Lags

FTI Consulting, home to a number of consulting and business advisory groups including a strategic communications unit formerly known as FD, reported a 20 percent increase in revenue for Q3 ending September 30. Revenue totaled $413.8 million and organic growth was 11 percent.

The company said economic consulting and technology were among its biggest revenue drivers for the quarter, with Latin America and Asia showing strong results. However, the strategic communications area only showed three percent revenue growth to $51.8 million from $50.2 million for the same period last year.

“The segment benefitted from several key financial communications and restructuring projects, but it continued to be impacted by ongoing sluggish capital markets activity,” the earnings announcement said.

For the nine months ending September 30, revenue totaled about $1.18 billion. For more info about FTI’s earnings, click here.