Search DubaiPRNetwork.com

Dubai and UAE
Home >> Business and Economy

Investcorp Acquires a Majority Stake in CrossCountry Consulting, a Leading Business Advisory Firm

Monday, June 5, 2023/ Editor -  

Share

Home >> Business and Economy

The transaction represents Investcorp’s 5th investment in professional services firms and is expected to accelerate CrossCountry’s growth as it expands both geographic presence and service offerings
 
7, December 2022 – Investcorp, a leading global alternative investment firm, today announced its acquisition of a majority stake in CrossCountry Consulting (“CrossCountry,” or “the Company”), a leading independent provider of specialized financial and accounting advisory services in the United States. Investcorp is leading a consortium of global institutional investors alongside the Company’s founders and existing financial sponsor. 
 
Founded in 2011, CrossCountry provides accounting, finance, risk, operations, cybersecurity, and technology-enabled transformation solutions for the Offices of Chief Financial Officers in public and private organizations. The Company has over 700 professionals and currently represents clients across a wide variety of industries including private equity, financial services, life sciences, real estate and hospitality. Its footprint has grown significantly over the past 10 years with professionals located across the United States and globally in Ireland, South Africa and the Philippines. 
 
Ali Alrahma, Private Equity Specialist for Investcorp’s Private Wealth commented, “In an environment of increasingly complex financial and accounting standards and increased market uncertainty, there is a growing trend of outsourcing financial and accounting services to specialist advisory firms such as CrossCountry.In this fast-growing environment, we believe CrossCountry is well-positioned to continue to grow rapidly and gain market shares. We look forward to leveraging our expertise investing and creating value in professional services firms to help CrossCountry in its next phase of growth.”
 
Tarek AlMahjoub, Head of UAE and Oman for Investcorp’s Private Wealth, “Demand for the kind of technology-driven, bespoke advisory services that CrossCountry provides is set to grow rapidly, and CrossCountry is one of the most respected names in the field, with a hard-earned reputation for exceptional client service. Our partnership will support the firm to optimize operations, expand service offerings, minimize risks and drive future growth.”
 
“As we continue to expand our reach, our partnership with Investcorp puts us in the best position to solve new, complex challenges for our clients, while growing our exceptional team,” said Erik Linn, Co-Founder and Managing Partner of CrossCountry Consulting. “We owe much of our success over the years to our incredible clients and employees; we believe Investcorp is the right partner with whom we can expand our capabilities, and we look forward to a new, exciting chapter of growth together.”
 
Investcorp has a long history of investing in professional services firms in the United States with notable investments including AlixPartners, ICR, Resultant and United Talent Agency.

 


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

High-Level Russian Delegation Visits Mohammed Bin Rashid Library to Discuss Stra ...

Calling All Cosplay Fans! Bring Gaming Characters to Life at DEF's Dubai Cosplay ...

Sayward Capital Corp. Signs Definitive Agreement with Technosteel Construction ( ...

24th Dubai Airport Show concludes on overwhelming response from aviation industr ...

Dubai Land Department reinforces principles of transparency and promotes a cultu ...

UAE and Bahrain Announce Entry into Force of the Investment Promotion and Protec ...

Emirates Group achieves record profit of AED 22.7 bn (US$ 6.2 bn) in 2024-25

Dubai Health Authority launches NABIDH Clinical Portal Training to Enhance Healt ...

Tashkeel Launches Summer CampProgramme 2025 with Hands-On Creative Workshops Led ...

Fakhruddin Properties Launches Dubai's First In-Building Waste Management System ...

NEOM launches 'Champions of Progress' initiative with AFC support to develop foo ...

UAE Team Emirates-XRG take aim at defending Giro d'Italia title as Grand Tour se ...

Global Police Leaders, Decision-Makers, and Technology Experts to Convene in Dub ...

DAE Completes US$2.0 billion Acquisition of Nordic Aviation Capital

Organised in strategic partnership with HOUSE of PIANOS and Steinway & Sons Duba ...

UAE Launches First National Food Loss and Waste Baseline Study

DoubleTree by Hilton Sharjah Waterfront Hotel & Residences Partners with GEMS Ed ...

A Powerful Fusion of Music and Movement: Carmina Burana – The Ballet Premieres a ...

Why SMEs in the UAE Should Be Using PR to Build Visibility and Win Trust

Revolutionary Stem Cell Therapy Shows Remarkable Results in Treating Chronic Low ...