This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

FTI Consulting Announces Agreement To Acquire KordaMentha (Qld)

HONG KONG, Sept. 27, 2012 /PRNewswire/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announced that an agreement has been signed to acquire the assets of KordaMentha (Qld) (KMQ), a corporate finance advisory and restructuring firm headquartered in Brisbane, Australia, and the Gold Coast, to establish the company's Corporate Finance/Restructuring practice in Australia. Terms of the deal were not disclosed.

Founded in 1992, the Brisbane-based firm has operated under a licence agreement with the KordaMentha brand since 2003 and specialises in turnaround and restructuring, corporate advisory and corporate recovery. KMQ has worked on several high-level Australian corporate recovery projects, has facilitated complex insolvency engagements in Australia and boasts a number of long-held blue chip clients.

The acquisition will significantly expand the presence and service offerings of FTI Consulting in Australia, adding nearly 70 professionals in Brisbane and the Gold Coast. The acquisition is subject to completion of definitive documentation and customary closing conditions and is expected to be finalised on 2 October 2012. The KMQ business will operate as FTI Consulting following completion of the transaction.

Commenting on the acquisition, Rod Sutton, Chairman of FTI Consulting in Asia Pacific, said, "The acquisition of KMQ is a major step for the company's expansion in Australia. We have identified a quality business with great people and deep client relationships. KMQ has built an important presence in growth industries, including construction, mining, healthcare and real estate. We couldn't be more pleased with our agreement and look forward to working with our new colleagues to develop our capacity and enhance the FTI Consulting brand in Australia, a strategic market for the Asia Pacific region."

John Park of KMQ said, "We are delighted to be joining FTI Consulting. KMQ will be blending into an organisation that is in every primary business centre around the world. As part of FTI Consulting, KMQ can offer our clients a diverse set of services that will meet their needs at all points of the economic cycle. We look forward to being part of the robust and resilient network at FTI Consulting as we continue to grow in our market."

Following completion of the acquisition, the two business units of KMQ, KMQ Insolvency and 22 Capital, will join the Corporate Finance/Restructuring practice of FTI Consulting.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs