Madison Dearborn Partners and HPS Investment Partners-backed Ankura Consulting Group completed the acquisition of Red Flag Global.

Madison Dearborn Partners and HPS Investment Partners-backed Ankura Consulting Group, a global expert services and advisory firm, completed the acquisition of Red Flag Global, a Dublin-headquartered strategic communications agency. Financial terms were not disclosed. "By combining Red Flag's full spectrum strategic communications and public affairs capabilities with our geopolitical, commercial diplomacy, and operational expertise, we will provide clients a further differentiated approach to transforming market insights into decisions, relationships, and messages that change the game," Fernando Batlle, Ankura Head of Global Strategic Advisory.