Monitor Company Group LP Files for Bankruptcy

Question

NEWS:  US operations will be acquired by Deloitte. The worldwide ops to be assimilated into Deloitte Touche Tohmatsu Ltd.

Does anyone have any more details on this and what exactly happened?

Please leave in the comments, thanks.

brotherbear · Accepted Answer

Deloitte has been trying to make a push into higher-end consulting for quite some time now.  It's dilutive to their rate card to be perceived solely as a body shop, so this acquisition makes some sense from that perspective.  And while it's true that Chapter 11 allows the deal to go through faster, there is absolutely no way Monitor or Deloitte would actually want that.

Why buy a consultancy in the first place?  You buy it for the name.  Monitor's clients are not theirs by right.

pnb2002 · Answer

MuddledMintFrom an insider source:

The chapter 11 bankruptcy is just a means to an end.

chicagoforlife · Answer

Deloitte Consulting US is considered pretty solid. However, Deloitte Consulting is not considered as prestigious in other markets. Acquisitions like this and the Roland Berger attempt help them overcome the huge barriers to entry in pure strategy work that are a result of the network effects of the industry. It's a pretty classical reason to buy rather than build. The struggles of Monitor Group probably have little to do with a solid performing partner's relationship with their clients. If he/she was a solid advisor before, he/she will still be a solid advisor now.

atleastimnotabanker · Answer

chicagoforlifeDeloitte Consulting US is considered pretty solid. However, Deloitte Consulting is not considered as prestigious in other markets. Acquisitions like this and the Roland Berger attempt help them overcome the huge barriers to entry in pure strategy work that are a result of the network effects of the industry. It's a pretty classical reason to buy rather than build. The struggles of Monitor Group probably have little to do with a solid performing partner's relationship with their clients. If he/she was a solid advisor before, he/she will still be a solid advisor now.

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Monitor Company Group LP Files for Bankruptcy

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Monitor Company Group LP Files for Bankruptcy

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