Business Consulting Industry: FTI Buys FS Asia Advisory
August 20, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — FTI Consulting, Inc. (NYSE: FCN), a business advisory firm, said that it has completed its acquisition of FS Asia Advisory Ltd. (formerly Ferrier Hodgson Hong Kong Group).
Founded in 1985 and with operations in Hong Kong, Shanghai, Singapore and Manila, FS Asia Advisory is a provider of corporate finance, restructuring and turnaround, corporate advisory and corporate recovery services in Asia.
According to FTI, the acquisition expands FTI's presence and breadth of capabilities in Asia, adding 130 professionals to FTI in the region.
The company said that FS generated total revenues of around $35 million in the fiscal year ended June 30. Going forward, FS will operate as FTI Consulting.
Florida-based FTI Consulting has more than 3,300 employees located in business centers around the world. The firm specializes in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring.
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