Acquisition of AFE Consulting Bolsters Navigant's Economics Practice
Addition creates formidable securities and financial litigation team
CHICAGO--(BUSINESS WIRE)-- Navigant (NYS: NCI) announced today that it has acquired the business of AFE Consulting (AFE), an economic consulting firm providing expert and advisory services to clients with legal, business, and other analytical challenges. The addition of Dr. Mukesh Bajaj, founder of AFE, along with 30 AFE professionals, results in a Navigant Economics team of more than 130 professionals. The acquisition of AFE also strengthens Navigant Economics' presence in New York and the San Francisco Bay Area.
"The addition of AFE to Navigant Economics secures our position among the top firms supporting securities and other financial litigation matters and reinforces our role as a preeminent resource for economics knowledge and expertise," commented Julie Howard, Chief Executive Officer, Navigant. "This expansion of our Economics team deepens our credentials to capitalize on near-term credit crisis litigation engagement work and strengthens our ability to provide collaborative services alongside other Navigant practices. I could not be more excited to welcome Mukesh and his team to Navigant. "
AFE provides testifying and consulting services in a number of areas in finance and economics, including Securities, Antitrust and Competition Policy, Valuations, Transfer Pricing, Labor and Employment and Real Estate litigation. In addition to AFE's 30 professionals, AFE also has a network of affiliates which includes leading industry experts and academics in accounting, economics and finance.
"We are very pleased to welcome Dr. Bajaj and the AFE team to Navigant," said Dr. Mohan Rao, Managing Director and Practice Leader of Navigant Economics. "Dr. Bajaj is one of the top experts in financial economics and capital markets litigation and is widely recognized as a luminary in his field. The addition of Dr. Bajaj and his colleagues marks a transformative point in our strategic evolution—taking a market leading position through world-class expertise in securities and financial economics."
Dr. Mukesh Bajaj, President, AFE Consulting, also commented, "The combination of the Navigant and AFE platforms, combined with our joint staffing resources, infrastructure and academic community network, will give us competitive edge in the area of securities litigation. I am optimistic about our prospects and am delighted to be joining Navigant at this time."
No further details about the transaction were disclosed.
About Navigant Economics
Navigant Economics, a subsidiary of Navigant, provides economic and financial analysis to corporations, law firms, and government agencies. Our areas of expertise include antitrust and competition policy, securities and finance, intellectual property, regulation, labor and employment, and transfer pricing. Our experts are leading academic and industry professionals with backgrounds in economics, finance, and accounting. Many of our experts are faculty at leading academic institutions. More information about Navigant Economics can be found at www.naviganteconomics.com.
Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
Jennifer Moreno Reddick
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