Baker & McKenzie Advises Management Consulting Group PLC on Kurt Salmon Associates Acquisition

London, 2007 – LAWFUEL – The Law Firm Newswire – Baker & McKenzie has advised Management Consulting Group PLC (MCG) on its US$125 million proposed merger with Kurt Salmon Associates, Inc., a global management consulting firm focused on the retail, consumer products and health care industries.

MCG has conditionally agreed to acquire by way of merger the entire issued share capital of Kurt Salmon Associates, Inc., for a total consideration of US$125 million, by payment of US$75 million in cash and the issue of approximately 48 million new shares. The cash consideration was financed by a new €81,450,000 and US$111,325,000 multicurrency debt facility arranged by Barclays Capital, HSBC Bank plc and Lloyds TSB Corporate Markets.

MCG provides a diverse range of consulting and professional services, and is comprised of six leading specialist consultancies. The acquisition of Kurt Salmon Associates is part of its growth strategy to broaden its consulting offerings.

Tim Sheddick, Corporate Partner at Baker & McKenzie, commented: ”This acquisition marks an important step in the execution of MCG’s strategic goals and expands MCG’s consulting offering and geographic reach, and lawyers from around our global network were ideally placed to advise on the transaction.”

The Baker & McKenzie team was led by Tim Sheddick (London) and Edward West (Chicago) and included London associates Chris Gardner and Sophie Chandauka. Banking and finance advice was provided by Partner Ian Jack. Additional advice was provided by Baker & McKenzie lawyers in Washington, Paris, Shanghai, Amsterdam, Zurich and Dusseldorf.

N M Rothschild & Sons Limited is acting as financial adviser and sponsor to MCG. Kurt Salmon Associates, Inc. were advised by Paul Hastings. Barclays Capital, HSBC Bank plc and Lloyds TSB Corporate Markets were advised by DLA Piper.

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