PAI Partners acquires HKA from Bridgepoint Development Capital
10th August 2022
HKA, the leading global consultancy in risk mitigation, dispute resolution, expert witness and litigation support services, has been acquired by PAI Partners, a pre-eminent private equity firm. PAI is backing HKA’s management team and partners to accelerate the significant growth achieved under the ownership of international alternative asset fund management group Bridgepoint Development Capital.
Since the carve-out from Hill International in 2017, HKA has grown into a global leader in dispute avoidance, dispute resolution and litigation support for capital projects and infrastructure, while also building a broader set of multi-disciplinary expertise. Over the last three years, HKA has successfully developed complementary specialisms across both forensic technical and engineering services as well as forensic accounting and commercial damages. Today HKA employs more than 1,000 experts, consultants and advisors in 40-plus offices worldwide.
PAI is excited to support HKA’s management team and partners in their ambitions of becoming the global consultancy of choice supporting and advising corporate clients and law firms with their dispute and litigation related technical and financial needs across all sectors.
Thanking Bridgepoint for its support over the last five years, Renny Borhan, CEO of HKA, commented:
“We are very proud of the success we have achieved over the last five years with Bridgepoint’s support. HKA has built a global team with a special collaborative culture and expertise that is unmatched in its depth and breadth. We have also created significant equity value for our investors as well as our 100+ partners, who have a material ownership interest in HKA. The next phase of our growth will be no less exciting. We are delighted to have the backing and expertise of PAI as we seize the many opportunities we see in our markets and accelerate the growth of our business.”
Neil McIlroy, Partner at PAI Partners, added:
“HKA is uniquely positioned for long-term growth in the large and fragmented risk mitigation and dispute resolution market. We look forward to supporting Renny and his talented team as they deliver HKA’s ambitious business goals through organic growth and targeted acquisitions.”
Jeannele M’Bembath, Director at Bridgepoint Development Capital, said:
“HKA has been a very successful investment for Bridgepoint. Working closely with management, together we built significant value by establishing a strong partnership culture, focusing on strategic geographic markets and undertaking selective M&A as well as a comprehensive operational improvement programme. These initiatives mean that the business is now well positioned for further growth under new ownership.”
Media contacts
HKA
Josephine Guckian, Partner, Chief Marketing and Communications Officer
Tel: +44 7740 421 796
josephineguckian@hka.com
Greenbrook Communications
James Madsen – Fanni Bodri
Tel: +44 207 952 2000
pai@greenbrookpr.com
Bridgepoint
James Murray
Tel: +44 (0) 20 7034 3555
james.murray@bridgepoint.eu
About HKA
Headquartered in the United Kingdom, HKA is a leading global consultancy in risk mitigation and dispute resolution. HKA provides a comprehensive set of specialist offerings, including Expert, Claims and Advisory services for the capital projects and infrastructure sector. The firm also advises clients on the economic impact of commercial and investment treaty disputes, on forensic accounting matters, and on cybersecurity and privacy governance and compliance. In addition, HKA supports US Federal Government contractors with consulting services on complex contracting matters. For further information, visit www.hka.com.
About PAI Partners
PAI Partners is a pre-eminent private equity firm, investing in market-leading companies across the globe. It currently manages more than €25.2 billion of dedicated buyout funds and, since 1994, has completed 90 investments in 11 countries, representing over €70 billion in transaction value. PAI has built an outstanding track record through partnering with ambitious management teams where its unique perspective, unrivalled sector experience and long-term vision enable companies to pursue their full potential – and push beyond. Learn more about the PAI story, the team and their approach at: www.paipartners.com