CIL moves into new office in Chicago
CIL has enjoyed rapid growth in the US since it established its team in Chicago a year ago. The growth has been driven by new mandates for market reviews, commercial due diligence and corporate strategy engagements to support private equity and management teams across a range of sectors.
The team has trebled in size over the past year and as a result has moved to new offices at the Citadel Center in Chicago, which provides room to grow as the firm continues to recruit experienced consultants across all sectors.
Recent projects include vendor commercial due diligence to support Leeds Equity Partners’ (New York) sale of Project Management Academy to Morgan Stanley Capital Partners. Project Management Academy is a provider of training and exam preparation services for project management professionals.
CIL has provided commercial due diligence to support Five Arrows Capital Partners’ (New York) investment in Virginia-based Averhealth which provides drug testing and laboratory services. It serves more than 1,800 courts and probation services across 26 states in the US.
It also supported Fishawack Group’s acquisition of Dudnyk, providing commercial due diligence. Fishawack, backed by LDC, provides communications services to the global pharmaceutical industry. Philadelphia-based Dudnyk is an advertising agency focused on rare disease, oncology and molecular medicine.
CIL have also supported clients with market studies and growth strategy support across a range of other areas, including gyms, testing and inspection services, and smart building technology.
Rebecca Pigula, Principal at CIL Management Consultants Inc, commented: “CIL has enjoyed an extremely successful first 12 months in the US, providing advice to clients across a range of sectors. As a result, we are building the team to ensure that we continue to deliver the excellent service and advice that is at the heart of our business.”
“In a market environment where competition for prize assets is increasingly fierce, our focus on PE, understanding of investment considerations, evidence-driven approach, and deep sector insight are all aspects that have been well-received in the US. We’re looking forward to supporting our growing number of US clients to acquire and maximize the success of their portfolio companies in the years to come.”
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