Goodwin attorneys recently advised The Parthenon Group on its sale to Ernst & Young (EY). The deal is subject to the satisfaction of agreed closing conditions. Terms were not disclosed.
The Parthenon Group is a leading advisory firm focused on strategy consulting, with offices in Boston, London, Mumbai, San Francisco, Shanghai and Singapore. Parthenon is ranked among the top 10 management consultancies worldwide.
EY is a global leader in assurance, tax, transaction and advisory services. The combined business will be part of EY’s Transaction Advisory Services, operating under the Parthenon brand and the leadership of Parthenon’s Founder, Chairman and Managing Partner Bill Achtmeyer.
According to Achtmeyer, “The Goodwin team brought to Parthenon a deep domain knowledge in how to negotiate and execute the merger of a global management consulting business into a global accounting and advisory firm. We hired the Goodwin team because of their real world experience in executing transactions of this type.” He added, “We at Parthenon are in the business of rendering advice to the residents of the C suite, and we recognize world class business and legal advice when we see it. The Goodwin team has it in spades, and we could not have achieved this result with EY without their tireless efforts and advocacy on behalf of our partnership.”
The Goodwin team was led by partners Stuart Cable and Mark Opper.
Additional information about the transaction can be found in EY’s press release. Press coverage of the transaction included articles in The Wall Street Journal, The Boston Globe and Financial Times, among others.