WASHINGTON - FTI Consulting, Inc. (NYSE: NYSE:FCN), a global business advisory firm, announced today the appointment of Jiva J. Jagtap as the new Global Leader of its Private Equity service offering. Mr. Jagtap, based in Denver, brings over two decades of advisory experience to his new role where he will guide a team supporting private equity clients through the full transaction lifecycle.
Mr. Jagtap's extensive background includes working with both private equity groups and public companies. His expertise spans operational consulting and executive leadership, equipping him to lead FTI Consulting's efforts in due diligence and post-transaction value creation for clients.
Under his leadership, the firm's diversified team will focus on ideation, validation, assessment, transaction execution, value creation, and exit strategies. FTI Consulting's approach involves drawing on comprehensive industry knowledge and capabilities to deliver swift and collaborative value for private capital firms and their portfolio companies.
Carlyn Taylor, Chief Growth Officer and Global Co-Leader of the Corporate Finance & Restructuring segment at FTI Consulting, emphasized the importance of experience in the private equity sector. She noted that Mr. Jagtap's appointment reflects the firm's commitment to tapping into the unique backgrounds and perspectives of its experts to generate tangible value for clients.
Commenting on his new role, Mr. Jagtap expressed his dedication to creating real impact for clients, emphasizing the team's understanding of the high stakes involved and their commitment to being trusted partners throughout the investment lifecycle.
FTI Consulting reported revenues of $3.49 billion for the fiscal year 2023 and employs more than 7,900 people across 31 countries and territories.
FTI Consulting is recognized as an advisor within the private equity space, serving over 300 firms globally, including all of the top 10 firms on the Private Equity International 300 list. The company's integrated services are designed to increase return on investment and mitigate risk for its clients.
This announcement is based on a press release statement issued by FTI Consulting, Inc.
InvestingPro Insights
As FTI Consulting continues to expand its leadership in the private equity advisory sector with the appointment of Jiva J. Jagtap, the company's financial health remains a key factor for investors and clients alike. According to InvestingPro data, FTI Consulting boasts a market capitalization of $7.13 billion, reflecting its significant presence in the industry.
The firm's commitment to sound financial practices is evident, with a P/E ratio of 25.14, which is relatively high compared to near-term earnings growth, signifying investor confidence in its future profitability. This is further supported by a robust revenue growth of 15.2% over the last twelve months as of Q1 2023. Additionally, FTI Consulting's gross profit margin stands at a healthy 32.53%, indicating efficient operations and strong pricing power.
From an operational standpoint, the company is positioned well, with InvestingPro Tips highlighting that FTI Consulting holds more cash than debt on its balance sheet and has liquid assets that exceed short-term obligations. This financial stability is critical for a company focused on guiding clients through complex transactions and value creation strategies.
Moreover, the firm's ability to generate profit is recognized by analysts who predict FTI Consulting will be profitable this year and have revised their earnings upwards for the upcoming period. FTI Consulting's strong financials and expert leadership suggest a promising outlook for the company as it continues to serve a prestigious clientele in the private equity space.
For those looking to delve deeper into FTI Consulting's financial metrics and future potential, InvestingPro offers additional insights and tips. Currently, there are 9 more InvestingPro Tips available that could further inform investment decisions. To access these insights, visit https://www.investing.com/pro/FCN and use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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