- PRG VER Event Production Companies
PRG + VER = One of the World’s Largest Event Production Companies
VER technologies
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8月 27, 2019
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FTI Consulting delivered industry expertise and a multidisciplinary solution to PRG, including restructuring, finance transformation and merger integration services, to transform PRG’s business as it acquired VER, a major industry competitor. PRG and VER recognized that a consolidated company would be better positioned to provide integrated solutions than would each discretely. A profound and swift redesign of how to service the market and manage assets most effectively was critical to the success of the combined company, and industry pressure hastened the timeline of the transformation.
FTI Consulting Role: Restructuring Advisory, Integration Planning and Execution
FTI Consulting provided restructuring guidance to PRG’s management and its stakeholders during and after the acquisition of VER. FTI Consulting directed integration activities from its Integration Management Office and lent subsequent planning support for the ongoing transformation initiatives. Our involvement included: synergy due diligence; advisement on the business model design; support of integration activities in sales, asset management, operations, facilities and logistics; and design of a shared service center for finance and accounting functions.
FTI Consulting was brought in as a dual advisor for both PRG’s and VER’s lenders. After the companies’ successful merger and reorganization, FTI Consulting partnered with PRG to help define its integration strategy, redesign the organization and processes to drive PRG’s go-to-market approach, and facilitate the integration of over $4 billion in assets.
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8月 27, 2019
主な連絡先
Senior Managing Director, Leader of Business Transformation
Senior Managing Director, Co-Leader of Turnaround & Restructuring U.S. New York Metro Region
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