Berkeley Research Group Sees New Growth Chapter with TowerBrook's Strategic Investment
Deal News | Feb 27, 2025 | American Discovery Capital LLC
TowerBrook Capital Partners announced a majority investment in Berkeley Research Group, a leading consulting firm in Washington D.C., marking a significant milestone in BRG's strategic growth. Since its inception in 2010, BRG has experienced robust growth, expanding its expert services in various sectors including healthcare, energy, and finance. TowerBrook, known for its expertise in professional services, sees BRG's experienced team and innovative growth model as ideal for future expansion. With the transition, Endeavour Capital exits its 2017 investment in BRG. Despite changes in financial backing, BRG's executive team remains unchanged with Tri MacDonald as CEO and President. The investment also involves financing from a group led by Royal Bank of Canada. Jefferies acted as financial advisor to TowerBrook, with legal counsel provided by Benesch, Friedlander, Coplan & Aronoff, LLP and debt financing legal counsel from Debevoise & Plimpton LLP.
Sectors
- Consulting and Professional Services
- Private Equity
Geography
- United States of America – Primary geography since BRG is based in Washington D.C., and the involved firms are primarily operating out of the U.S.
- Global – BRG offers consulting services globally, which expands the geographical scope mentioned in the article.
Industry
- Consulting and Professional Services – The industry relevant to BRG's business model, including expert and consulting services across various sectors such as healthcare, energy, and finance.
- Private Equity – Relevant due to TowerBrook Capital Partners providing the majority equity investment in BRG.
Financials
- Not disclosed – The financial terms of TowerBrook's majority equity investment in BRG were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Berkeley Research Group (BRG) | Target Company | Companies | A global consulting firm based in Washington D.C. offering expert services in economics, disputes, corporate finance, and more. |
| TowerBrook Capital Partners L.P. | Bidding Company/Investor | Companies | A private equity firm that has made a majority equity investment in BRG. |
| Endeavour Capital | Selling Company/Vendor | Companies | A private equity firm exiting its investment in BRG following several years of partnership. |
| Jefferies | Financial Advisor | Companies | Provided financial advisory services to TowerBrook. |
| Benesch, Friedlander, Coplan & Aronoff, LLP | Legal Advisor | Companies | Provided legal counsel to TowerBrook for the transaction. |
| Debevoise & Plimpton LLP | Debt Financing Legal Advisor | Companies | Served as debt financing legal counsel in the transaction. |
| Royal Bank of Canada | Lead Bank in Committed Financing | Companies | Leading a banking group to provide committed financing for the transaction. |
| Tri MacDonald | Chief Executive Officer and President | People | Leader of BRG, continuing his role post-investment. |
| David Teece | Former Executive Chairman | People | Stepping down from Executive Chairman but remaining active professionally within BRG. |
| Walter Weil | Managing Director at TowerBrook | People | Expressed excitement in partnering with BRG for future growth. |