What is the story about?
What's Happening?
New Deal Advisors, a Milan-based M&A and financial advisory firm, has merged with Eight Advisory, a France-headquartered consulting firm. This merger builds on a nine-year collaboration within the Eight International alliance. Eight Advisory, with a presence in several European markets and the U.S., provides financial, operational, and strategic advisory services. The merger aims to strengthen Eight Advisory's presence in Italy and enhance cross-border support for clients.
Why It's Important?
The merger signifies a strategic expansion for Eight Advisory, enhancing its capabilities in the European market. It reflects a trend of consolidation in the consulting industry, driven by the need for comprehensive cross-border services. This move could benefit clients seeking integrated advisory solutions across multiple jurisdictions. The merger also highlights the importance of strategic partnerships in achieving growth and maintaining competitive advantage in the consulting sector.
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