Market Overview

Navigant Closes Sale of Its Disputes, Forensics, and Legal Technology Segment and Transaction Advisory Services Practice to Ankura

Share:

Navigant (NYSE:NCI) today announced the completed sale of its Disputes,
Forensics, and Legal Technology segment and Transaction Advisory
Services practice to Ankura Consulting Group, LLC, a portfolio company
of Madison Dearborn Partners.

The transaction closed on August 24, 2018. The transaction was valued at
$470 million and represented a 11.9x adjusted EBITDA multiple.* Navigant
expects to realize approximately $370 million in net cash proceeds from
the transaction, after taxes and transaction and separation-related
costs. These proceeds will be used to return capital to shareholders and
pursue growth opportunities.

The streamlined Navigant combines deep industry expertise and
transformational insight to deliver management consulting and managed
services to clients in industries undergoing transformational change.
More information about the transaction is available on the Navigant
website (investors.navigant.com).

*Calculation based on the one-year period ending first quarter 2018,
when including a fully allocated share of Navigant corporate G&A.

About Navigant

Navigant Consulting, Inc. (NYSE:NCI) is a specialized, global
professional services firm that helps clients take control of their
future. Navigant's professionals apply deep industry knowledge,
substantive technical expertise, and an enterprising approach to help
clients build, manage, and/or protect their business interests. With a
focus on markets and clients facing transformational change and
significant regulatory or legal pressures, the firm primarily serves
clients in the healthcare, energy, and financial services industries.
Across a range of advisory, consulting, outsourcing, and
technology/analytics services, Navigant's practitioners bring sharp
insight that pinpoints opportunities and delivers powerful results. More
information about Navigant can be found at navigant.com.

View Comments and Join the Discussion!