What is the story about?
What's Happening?
New Deal Advisors, a Milan-based M&A and financial advisory firm, has officially joined Eight Advisory, a France-headquartered consulting firm. This integration builds on a nine-year collaboration within the Eight International alliance, which was established in 2016. Eight Advisory, with a presence in seven European markets and the U.S., offers financial, operational, and strategic advisory services. The merger aims to strengthen Eight Advisory's presence in Italy, enhancing its ability to provide cross-border support. New Deal Advisors, known for its expertise in M&A advisory, corporate restructuring, and valuations, will continue to operate with its team of 50 consultants, including 7 partners.
Why It's Important?
The merger signifies a strategic expansion for Eight Advisory, allowing it to consolidate its position in the European consulting market. By integrating New Deal Advisors, Eight Advisory enhances its service offerings and market reach, particularly in Italy. This move is expected to benefit clients by providing more comprehensive and seamless advisory services across borders. The collaboration underscores the importance of strategic partnerships in the consulting industry, enabling firms to leverage shared expertise and resources to better serve their clients.
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