Equiteq advises Lumeri, a leading strategic business consulting firm on its sale to Ankura (backed by Madison Dearborn Partners & HPS Investment Partners)

February 01, 2024

Equiteq, a global boutique investment bank, is pleased to announce that it has acted as the exclusive financial advisor to Lumeri, a leading strategic business consulting firm, on its sale to Ankura, a leading global expert services and advisory firm backed by Madison Dearborn Partners and HPS Investment Partners.

Founded in 2004, Lumeri specializes in strategic leadership and transformation services for Fortune 500 companies. The firm has decades of experience working with the world’s top companies and offers Execution Certainty™, Advancement of Women, and Sustainability solutions.

"Lumeri's proven track record in driving organizational transformation, through Execution Certainty across some of the most significant mega-projects for Fortune 500s is impressive and warranted. We look forward to coming together and helping clients maximize their impact through alignment across the Executive Team, Project Team, and the communities in which they operate," said Angela Cinefro, President of Ankura and Co-Head of the Transformation, Talent, & Transactions practice.

Ankura is a leading global expert services and advisory firm that delivers end-to-end solutions to manage conflict, crisis, performance, risk, strategy, and transformation. Ankura has more than 2,000 professionals serving 3,000+ clients across 55 countries.

“Joining Ankura marks an important milestone for Lumeri,” said Lucinda Hanover, Founding Partner and CEO of Lumeri. "By combining Lumeri's team with Ankura's complementary services and aligned cultures, we are thrilled for the opportunity to deliver unique solutions to the marketplace, particularly our Advancement of Women leadership solution, and look forward to expanding the ways we can serve clients.”

Commenting on Equiteq’s role in the transaction, Lucinda Hanover added “Equiteq is masterful from beginning to end. They helped us identify the right kind of buyer to fit our exact parameters from the start. Having built a firm for 20 years, it was important to us to have a future runway for our dedicated staff, a great cultural match, and a broad platform for growth. Equiteq took our story and business results and presented us in a way to narrow the field and select the right buyer given what was important to us. They are extremely hard workers, financially intelligent, and fun to work with! They especially showed their prowess throughout due diligence, financial and legal discussions prior to closing. We landed with a superb firm with the right financial solution thanks to the team at Equiteq.”

Graham Bell, Director at Equiteq, noted “We thoroughly enjoyed working with Lucinda, Doug, and the Lumeri team throughout the transaction process. They have built an exceptional business and have forged a fantastic partnership with Ankura. We couldn’t be happier for the whole team and wish them the very best going forward.”

Read more on this deal here: https://www.consulting.us/news/10200/ankura-acquires-organizational-consultancy-lumeri

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