HPS Investment Partners to acquire a minority stake in MDP-backed Ankura Consulting Group in a $1.5bn deal.

HPS Investment Partners, a private equity firm, agreed to acquire a minority stake in Madison Dearborn Partners-backed Ankura Consulting Group, a management consulting firm, in a $1.5bn deal. "This new investment from HPS, alongside the continued commitment and support from MDP, demonstrates the strength and performance of our business and the abundance of opportunity and runway ahead of us. While our growth story, to date, is remarkable, we believe we are now positioned to accelerate our growth, creating even greater opportunities for our colleagues, and broadening the scope and end-to-end execution of services and solutions we provide to our clients around the world," Kevin Lavin, Ankura CEO.