Deal Announcement

DC Advisory advised Forensic Risk Alliance on investment by Dunedin

01 Mar 2017

Forensic Risk Alliance (FRA) is an international consultancy business that provides forensic accounting, data analytics and e-discovery expertise to help businesses manage risk in an increasingly regulated global environment

DC Advisory (DC), led by Jonathan Arrowsmith, was engaged by the shareholders of FRA in the summer of 2016 to identify a new long term partner for the business

DC ran a targeted auction process with information memorandums and vendor due diligence reports distributed to carefully selected potential private equity partners

Simultaneously, DC co-ordinated a soft staple banking process by providing prospective lending banks early access to the business and the management team to help underpin the first round bids

Following a highly competitive process, Dunedin, a leading UK mid-market private equity firm, acquired a stake in FRA in March 2017

FRA will continue to be led by its three founders and is strongly positioned to capitalise on the growing demand for its investigative and technological expertise

Deal Team

Jonathan Arrowsmith

Managing Director
United Kingdom

Amish Bakhai

United Kingdom

Edward Godffrey

Executive Director
United Kingdom

Frances McLeod, Managing Partner of FRA, commented:
“At FRA we give sound, practical, nuanced advice to clients facing ‘bet the company’ litigation and regulatory enforcement risks. We pride ourselves on being trusted advisers. During the course of this transaction, DC Advisory proved time and again that they were our trusted advisers. Jonathan Arrowsmith and his team consistently delivered impeccable guidance and execution in a highly commercial and efficient manner. From creating the right dynamics during the auction process to navigating structure and tax issues, as well as managing a host of other advisers on both sides of the Atlantic, the DC team shone. We would not only highly recommend them to others but look forward to working with them on our next deal.”