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Numerous big-name consultancies have been linked with a possible buyout of distressed consulting firm Arthur D Little.
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With the recent bidding process having drawn to a close, Altran looks set to acquire the majority of ADL's global consulting businesses.
Arthur D Little is to be broken up and sold as distinct sector-specific businesses – assuming the US bankruptcy courts approve the proposed deals.
The European & Asian arms of the Global Management Consulting business and the Global Environment & Risk business are to be sold to Altran Technologies of France for $43m.
Meanwhile the Chemical and Energy Ventures business will be acquired by Charles River Associates of Boston for ~ $7m. ADL's Technology and Innovation practice goes to Tiax for $16.5m.
The Public Sector Program Management business is to be bought by IFC Consulting for $6.5m, while the Advanced Energy Systems business was sold to Navigant Consulting Inc.
Unsecured creditors, owed around $67m, will receive very little from the deal. Employees look like taking a hit too, since ADL's Employee Stock Ownership Plan is an unsecured creditor with a claim of $4.4m.
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