FTI Consulting Acquires CDG Group

Strengthens Company-Side Restructuring and Interim Management Expertise

Adds 19 Professionals, Including Five Senior Managing Directors

WASHINGTON, July 06, 2017 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced that it has acquired CDG Group, a leading restructuring advisory, turnaround management, value enhancement and transaction advisory firm in New York. Terms of the transaction were not disclosed.

As part of the transaction, 19 professionals, including five Senior Managing Directors, will join the Turnaround & Restructuring practice within the Company's Corporate Finance & Restructuring segment in the New York Metro region. The addition of these professionals will further enhance FTI Consulting's top restructuring position in North America by strengthening the firm's company-side and interim management capabilities.

The group, led by Robert Del Genio, brings expertise that covers the entire corporate lifecycle, allowing them to provide practical solutions to businesses and their stakeholders across a wide range of industries and situations. CDG Group's professionals have successfully executed hundreds of engagements involving companies ranging in size from large multinational corporations to smaller middle-market businesses.

"FTI Consulting's Turnaround and Restructuring practice is the industry leader, advising companies, creditors and investors in industries undergoing disruption and transformation. The addition of the CDG team deepens our company-side bench and expands our breadth of capabilities," said Michael Eisenband, Global Co-Leader of the Corporate Finance & Restructuring segment at FTI Consulting. "CDG is a renowned corporate finance and restructuring advisory business with an impressive reputation and track record of client success. Given our longstanding relationship with Bob and his team, I am pleased to welcome them to FTI Consulting."

Mr. Del Genio joins FTI Consulting as a Senior Managing Director and will be the Co-Leader of the New York Metro region of the Corporate Finance & Restructuring segment alongside Senior Managing Director Steven Simms. With more than 30 years of experience, Mr. Del Genio is a recognized leader in the field of restructuring and mergers and acquisitions. He has advised companies, lenders, creditors, corporate boards and private equity sponsors across a diverse range of industries both domestically and internationally. Mr. Del Genio has assisted clients on corporate restructurings and recapitalizations, designed and evaluated financing packages and presentations for various types of lenders and equity investors, and acted as a financial advisor to boards of directors and principal shareholders in the purchase or sale of numerous businesses.

"As the preeminent turnaround and restructuring firm in the United States, FTI Consulting is the ideal platform for our team to enhance and expand our client offerings and relationships," said Mr. Del Genio. "As investors seek opportunities to deploy capital and maximize returns or improve their recovery on existing capital invested, partnering with experienced professionals who understand market dynamics and what it takes to deliver value in stressed and distressed situations is a competitive advantage. Our expanded practice, deep bench of experienced professionals and business synergies will only enhance FTI Consulting's leading position."

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