Permira Sells Duff & Phelps To Stone Point Capital, Further Global
Permira has sold advisory firm Duff & Phelps to Stone Point Capital and Further Global. Permira originally invested in Duff & Phelps in 2018 and will retain a minority stake as part of the deal, and the management team at Duff & Phelps will maintain an ownership stake and continue to lead the firm.
Chuck Davis, Chief Executive Officer of Stone Point Capital, said: “We are thrilled to have the opportunity to partner with Duff & Phelps again and participate in the next phase of growth for the company. The firm maintains a strong brand position and an outstanding entrepreneurial culture that will drive its continued success. We look forward to working closely with Noah, Jake and the rest of the team as we help them realize their strategic vision.”
Olivier Sarkozy, Founder and Managing Partner of Further Global, added, “I am delighted to be reunited with Stone Point and the Duff & Phelps management team as we work to continue to build upon the incredible global franchise that Duff & Phelps has become.”
Nic Volpi, a Partner at Permira, commented, “Since the Permira funds’ 2018 investment in Duff & Phelps, the company has meaningfully expanded its capabilities through the strategic acquisitions of Kroll and Prime Clerk. The transformation of Duff & Phelps, over the last two years, is a testament to the strength and talents of Noah, Jake and the entire executive team. From day one, we’ve had a deep and collaborative partnership, and we look forward to the team’s future success.”
Daniel Brenhouse, a Permira Principal added, “There are still tremendous opportunities ahead and we are pleased to support Duff & Phelps’ continued global expansion as part of the investor group.”
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