MDP-backed Ankura to buy Navigant units for $470 mln

Ankura, a Madison Dearborn Partners portfolio company, said June 25 that agreed to buy Navigant’s disputes, forensics and legal technology segment and its transaction advisory services practice for $470 million. The deal is expected to close in third quarter. Navigant said it expects to realize approximately $370 million in net cash proceeds from the transaction and will return up to $175 million to shareholders.

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