At what enterprise value was DUFF & PHELPS acquired in 2020?

You can find the full valuation details of DUFF & PHELPS on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of DUFF & PHELPS when it was acquired by STONE POINT CAPITAL?

The exact EV/EBITDA multiple for DUFF & PHELPS is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was DUFF & PHELPS acquired by STONE POINT CAPITAL?

DUFF & PHELPS was acquired by STONE POINT CAPITAL in 2020.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the DUFF & PHELPS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the DUFF & PHELPS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.permira.com/news-and-insights/announcements/duff-phelps-to-be-acquired-by-global-investor-consortium-for-42-billion

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Home Database Business ServicesDUFF & PHELPS

01/2020

DUFF & PHELPS acquired by STONE POINT CAPITAL

UNITED STATES Professional Services / Consulting & Audit EV 3b - 100b USD

Context

Duff & Phelps has been acquired by a global investor consortium led by Stone Point Capital and Further Global. The transaction was announced in January 2020 and follows a series of equity transactions that have reshaped the firm’s ownership since its 2018 investment by Permira. The consortium includes the existing Permira funds, which retain a significant minority stake, and senior members of Duff & Phelps’ management team, who continue to hold equity. The deal involves the purchase of all outstanding equity, resulting in full ownership by the consortium. Closing is expected in the second quarter of 2020 pending customary conditions. Stone Point Capital and Further Global view the acquisition as a means to reinforce Duff & Phelps’ position in the advisory market while providing capital for further international expansion. The investors intend to leverage the firm’s established client relationships, particularly its penetration of S&P 500 and Fortune 1000 companies, to cross-sell additional risk-management and compliance services. The consortium’s experience in financial-services investments will support the integration of recent acquisitions such as Kroll and Prime Clerk, enabling a more cohesive product suite. The investors will also pursue alignment of the firm’s governance framework with best-in-class private-equity standards, introducing board oversight mechanisms and performance metrics. The ownership structure also aligns management incentives with long-term value creation. Post-closing, Duff & Phelps is expected to accelerate its growth trajectory through organic scaling of its valuation and cyber-risk practices and through targeted add-on acquisitions in complementary niches. The new capital base will fund technology upgrades, expand the firm’s presence in emerging markets and enhance its data-analytics capabilities. Enhanced capital allocation is expected to support the development of proprietary valuation models and the rollout of a unified digital platform for client engagements. The combined expertise of the investors and existing leadership is projected to improve operational efficiency, broaden service coverage and deepen market share across corporate finance, investigations and regulatory advisory segments.

In the past, the company had already been the subject of several LBOs, notably led by The Carlyle Group / Stone Point Capital / Pictet & Cie in 2013 and Permira in 2017. These multiple LBO cycles illustrate the strong appeal for this type of asset.

DUFF & PHELPS, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Duff & Phelps was founded in the early 1990s and has evolved into a global advisory firm that delivers valuation, corporate finance, dispute resolution, compliance, regulatory consulting, real estate, restructuring and related governance services. The firm employs approximately 2,000 client service professionals who operate from offices across the Americas, Europe and Asia. Its client base spans more than half of the companies listed in the S&P 500 as well as a majority of top‑tier private‑equity firms, major law firms and hedge funds. The business model is fee‑based, with project‑specific engagements that combine technical expertise, independent judgment and industry‑specific knowledge. Service delivery relies on a combination of on‑site teams and centralized analytical platforms that produce fair‑value assessments, transaction support and forensic investigations. Over the years the firm has built long‑standing relationships that enable cross‑selling of complementary services across corporate, financial and regulatory domains. Geographic expansion has been supported by organic growth and selective acquisitions that extend its footprint in Europe and Asia. The firm maintains a diversified revenue stream derived from advisory, litigation support, compliance consulting and transaction advisory work.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
12/2017	PERMIRA	DUFF & PHELPS	UNITED STATES	Professional Services	Duff & Phelps has been acquired by a vehicle of the Permira funds. The transaction was announced in December 2017 and is subject to customary closing conditions, with completion expected in the first quarter of 2018
01/2013	THE CARLYLE GROUP / STONE POINT CAPITAL / PICTET & CIE	DUFF & PHELPS	UNITED STATES	Professional Services	Duff & Phelps Corporation is being acquired by a consortium comprising controlled affiliates of The Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group. The merger agreement was signed in early 2013, includes a go‑shop period for alternative proposals, and requires approval from shareholders and regulators before closing in the first half of the year

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Valuation range: EV 3b - 100b USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DUFF & PHELPS by STONE POINT CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: duff & phelps

Acquirer: stone point capital