FTI Consulting entered into a definitive agreement to acquire Andersch, a German restructuring advisory firm with offices in Frankfurt, Hamburg and Dusseldorf.
The acquisition is expected to close during the third quarter of 2019, subject to German regulatory approval and other closing conditions. Terms of the transaction were not disclosed.
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Founded in 2012 by former Big Four accounting firm partners Tammo Andersch and Mirko Liebthal, Andersch serves clients across Germany ranging in size from middle-market to large, multinational German-based corporations that are facing financial, operational and strategic challenges. The addition of the Andersch team will extend FTI Consulting’s restructuring and business transformation capabilities to Germany, Switzerland and Austria, also known as the DACH region.
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“Andersch’s restructuring advisory business has an impressive reputation and track record of client success. We look forward to welcoming Tammo Andersch, Mirko Liebthal and the entire Andersch team to FTI Consulting upon the closing of this transaction,” said Steven H. Gunby, president and chief executive officer of FTI Consulting.
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With the addition of approximately 90 billable professionals, including seven senior managing directors, Andersch’s restructuring advisory expertise will enhance FTI Consulting’s established strategic communications, economic consulting and construction solutions offerings in Germany. Andersch professionals will go to market under the Andersch and FTI Consulting co-brand and will be part of the firm’s Corporate Finance & Restructuring segment.
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Andersch will join FTI Consulting as a senior managing director and member of the Europe, Middle East and Africa leadership team. Mr. Andersch has extensive experience with complex restructuring and refinancing projects. Over the last 25 years, he has conducted numerous negotiations and moderations with investors and creditors on behalf of his clients, which include renowned companies of all sizes and various industry sectors. Prior to founding Andersch, he spent nearly 20 years working at an international auditing firm. Andersch was appointed partner in 2000 and was subsequently named the head of the firm’s restructuring practice in Germany in 2002. In 2005, he assumed the role of managing the firm’s restructuring activities for the EMEA region.
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Liebthal will join FTI Consulting as a senior managing director. Mr. Liebthal has been a member of the Andersch board since he co-founded the firm in 2012. As a trained banker and an economist, Liebthal works with owner-managed and public limited companies to improve their competitive and capital positioning. He focuses on optimizing his clients’ business models and implementing go-forward growth and consolidation strategies. Liebthal brings deep expertise in the automotive, engineering and service sectors and has extensive experience in restructuring, refinancing, cost reduction programs, options analyses and strategic development. Prior to founding Andersch, Liebthal served for 12 years in the restructuring department of an international auditing firm, where he led numerous restructuring projects as a partner.
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In addition to Andersch and Liebthal, Sebastian Philipp, Christian Säuberlich, Karsten Schulze, Ralf Winzer and Mike Zöller also will join FTI Consulting as senior managing directors.
