Carlyle Group To Invest In PA Consulting - Quick Facts

(RTTNews) - PA Consulting Group and The Carlyle Group (CG) announced they have signed an agreement for Carlyle to invest in PA for a 51 percent shareholding of the company. The investment values PA at $1 billion and is expected to close in December 2015.

PA Consulting Group is an employee-owned firm of over 2,500 people, operating globally from offices across North America, Europe, the Nordics, the Gulf and Asia Pacific. The company's specific expertise is in energy and utilities, financial services, health, life sciences, consumer and manufacturing, government, defense and security, transport and logistics.

Alex Stirling, Director of Carlyle Europe Partners, said: "The consulting sector is going through an exciting phase of development. We have long admired PA's renowned reputation for delivering exceptional results to clients in both public and private sectors, and for scaling world class innovation from its Technology Center in Cambridge."

The companies noted that the continued share ownership by PA employees is a key feature of the transaction.