PA Consulting completes investment from Jacobs - Seite 2

Jacobs Chair and CEO Steve Demetriou said: "This strategic partnership accelerates our strategy to become a leader in bringing greater innovation and creativity to respond to current-day challenges such as climate change, cyber, urbanization and the ongoing healthcare crisis. PA has delivered strong growth over the last five years and together our organizations will set a new industry benchmark in differentiated solutions that deliver superior end-to-end value for Jacobs and PA clients, employees and investors." 

Fraser Robson, a Managing Director in the Carlyle Europe Partners advisory team said: "We are proud of our work with PA and what we have achieved together. The business has demonstrated strong growth through a focus on people, innovation, and strategic acquisitions to reinforce PA's end-to-end innovation capabilities. We wish PA well and look forward to watching the company continue to thrive."

Jacobs completed the deal on 2 March 2021 in accordance with the terms announced on 30 November 2020. The transaction was funded through a combination of cash on hand and existing debt facilities.

Notes to the editor

Advisors

Rothschild & Co. served as exclusive financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Jacobs.

J.P. Morgan and HSBC served as financial advisors to The Carlyle Group and PA. Linklaters served as legal counsel to The Carlyle Group and PA, and Dickson Minto served as legal counsel to the management of PA.

Note: 1 The enterprise value £1.825 billion ($2.5 billion) is based off foreign exchange rate of 1.3951 USD per GBP.

About PA

We believe in the power of ingenuity to build a positive human future in a technology-driven world.

As strategies, technologies and innovation collide, we create opportunity from complexity.

Our diverse teams of experts combine innovative thinking and breakthrough use of technologies to progress further, faster. Our clients adapt and transform, and together we achieve enduring results.

An innovation and transformation consultancy, we are over 3,200 specialists in consumer and manufacturing, defence and security, energy and utilities, financial services, government, health and life sciences, and transport. Our people are strategists, innovators, designers, consultants, digital experts, scientists, engineers and technologists. We operate globally from offices across the UK, US, Europe, and the Nordics.