London, 27 July 2006 – Baker & McKenzie announced today that it acted …

London, 27 July 2006 – Baker & McKenzie announced today that it acted for Management Consulting Group plc (an international management consultancy group listed on the London Stock Exchange) on the proposed acquisition of Ineum Consulting for a value totalling £82 million (€120 million). The acquisition is in return for a cash payment of €54 million partly funded by a new term loan facility from Barclays Bank plc and the issue of approximately 81 million new shares (representing 29.9% of the enlarged share capital of Management Consulting Group). The acquisition is subject to shareholder approval and is likely to close at the beginning of September.

Ineum Consulting is the largest French independent, national management consulting practice (excluding IT system integration and outsourcing practices) and was formed in 2003 by the spin-off of Deloitte France’s consulting arm.

The Baker & McKenzie team was led by Corporate partners James Richards and Tim Sheddick and included Chris Gardner (associate) and Sophie Chandauka (associate) from the London corporate department; Nick Tostivin (partner), Chris English (associate) and Matthew Padian (associate) from the London finance department; and Aly Gallot (partner), David Haccoun (senior associate), and Hugo Sanchez de la Espada (associate) from the Paris corporate group.

Partner, James Richards commented: “It has been a privilege to work with Management Consulting Group, which is a longstanding client of the firm, on a potentially transformational deal.”

Nicholas Huet from White & Case’s Paris office acted for Ineum Consulting and Peter Crichton from DLA Piper Rudnick Gray Cary acted for Barclays.

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