New York, New York
Business Services / Investment Banking
Date of Realization
Established in 1932, Duff & Phelps Corporation is a leading provider of financial advisory and investment banking services, focusing on valuations, transactions, financial restructurings, disputes, and taxation. Duff & Phelps is one of the nation’s oldest and most respected financial advisory firms and has built a reputation around integrity, exceptional client service, and quality.
LMP and current management led the buyout of Duff & Phelps from Webster Bank in 2004. In 2005, the Company acquired S&P’s Corporate Value Consulting Division and in 2007, Duff & Phelps completed an initial public offering on the NYSE (ticker: DUF).
Over the years, the Company has completed a variety of tuck-in acquisitions to expand geographically, add new capabilities, and build on existing capabilities. Examples include the acquisition of Chanin Capital Partners to add restructuring services and Cole & Partners to complement the Company’s existing dispute business and establish a presence in Canada.
Today, Duff & Phelps maintains offices throughout North America, Europe and Asia and serves clients from three operating divisions. The Financial Advisory segment provides valuation advisory services, tax services, and dispute consulting. The Alternative Asset Advisory segment provides services related to portfolio valuation and due diligence. The Investment Banking segment provides M&A and restructuring services.
Fund I exited its remaining investment in Duff & Phelps in the second quarter of 2012 through secondary sales. In April 2013, the company was taken private by an investment group that includes controlled affiliates of or funds managed by The Carlyle Group, Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group. Fund II fully exited its investment in this sale transaction.www.duffandphelps.com