Management Consulting firm Arthur D. Little announced in a press release on 2nd January 2012 that it successfully completed its Management Buy-Out with French IT and business group Altran Technologies on 30th December, 2011.

Arthur D. Little is renowned as the world’s first management consulting firm and celebrated its 125th anniversary year in 2011 having been founded in 1886.

100% of the ownership of the premier global management consulting firm is now held by its Partners meaning that once again Arthur D. Little has become a Global Private Partnership. The MBO deal involves all of its offices worldwide and includes the prestigious Arthur D. Little brand.

Newly elected global CEO, Ignacio Garcia Alves, was the leader of the MBO team that successfully managed the acquisition of Arthur D. Little by its Partners.

Altran announced on 2nd November that it was entering into exclusive negotiations of an MBO led sale of Arthur D. Little to its Partners. The financial commitment required from the Partners was oversubscribed and Altran Technologies will be providing vendor financing to support the company’s development in the coming months and years.