FTI Consulting entered into a definitive agreement to acquire certain assets of Delta Partners, a telecom, media and technology (TMT) focused strategy consulting and investment banking firm with offices in Dubai, New York, Singapore, Barcelona, Johannesburg, San Francisco and Sydney. The acquisition is expected to close during Q3/20, subject to customary closing conditions. Terms of the transaction were not disclosed.

Founded in 2006, Delta Partners collaborates with global and regional TMT players to help them address issues through multi-disciplinary services that combine strategic, technical, financial, analytical and operational advice with execution.

“We are delighted to welcome this group of outstanding professionals to our already strong TMT practice,” Steven H. Gunby, president and CEO of FTI Consulting, said. “Over time our teams have had the pleasure of collaborating with Delta Partners professionals, and we have seen the expertise, value and integrity they bring to their clients. Together, we look forward to continuing to deliver for the world’s leading TMT companies as they address their most significant challenges and opportunities.”

With the addition of approximately 150 billable professionals, including 21 senior managing directors, Delta Partners’ TMT industry expertise will extend FTI Consulting’s business transformation and transactions and FTI Capital Advisors’ offerings.

“The addition of the Delta Partners team strengthens our strategy consulting offering and significantly bolsters our business transformation and transactions capabilities, enabling us to establish FTI Consulting as a truly global TMT advisory firm,” Carlyn Taylor, global co-leader of the corporate finance and restructuring segment at FTI Consulting and the founder of the firm’s TMT industry practice, said. “Today, our TMT industry practice serves the largest corporations and private equity firms in the U.S. and Europe. Delta Partners brings a wealth of new corporate clients to FTI Consulting, and together our practices will achieve a formidable scale to serve any TMT client in the world with exceptional industry expertise and a wide range of services.”

Victor Font, CEO of Delta Partners, will join FTI Consulting as a senior managing director and will serve as co-leader of the corporate finance and restructuring segment’s TMT industry practice alongside Luke Schaeffer. Font has more than 20 years of experience in the TMT space, advising industry leaders globally. Throughout his career, Font has led strategic, operational and transformational projects. Before co-founding Delta Partners, Font was a partner at Oliver Wyman (then DiamondCluster) in São Paulo, Barcelona and Dubai, and served as a member of the firm’s management committee for Europe, Latin America and the Middle East.

“TMT operators are facing an environment that requires creative problem-solving and a very multi-disciplinary skill set to remain competitive. The depth of talent, breadth of expertise and complementary service offering at FTI Consulting will enable us to better serve our global clientele,” Font said. “We are proud of what we have built and accomplished at Delta Partners, and we look forward to continuing our growth trajectory as part of FTI Consulting. All our professionals are excited to shape the next phase of our journey together and build the leading TMT global advisory services firm.”

FTI Consulting is a global business advisory firm.