We are advising Ankura on the transaction

Davis Polk is advising Ankura Consulting Group, LLC in connection with a strategic investment from HPS Investment Partners, which will become a minority equity owner. The investment values Ankura at $1.5 billion and is expected to close this calendar year.

Ankura is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to change, risk, disputes, finance, performance, distress and transformation. Madison Dearborn, Ankura’s lead investor, is a leading private equity investment firm based in Chicago. Since Madison Dearborn’s formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 investments. HPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for their clients. HPS manages various strategies across the capital structure that include syndicated leveraged loans and high-yield bonds to privately negotiated senior secured debt and mezzanine investments, asset-based leasing and private equity.

The Davis Polk corporate team includes partner Harold Birnbaum and associate Molly I. Manning. The finance team includes partner J.W. Perry and counsel Jonathan B. Brown. The tax team includes partner Ethan R. Goldman and associate Dov Sussman. Partner Adam Kaminsky is providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.