UK management consultancy CIL expands into North America
London-headquartered CIL Management Consultants has expanded to North America with its first international office – in Chicago. The management consultancy will look to satisfy demand for its advisory expertise from clients in Chicago’s strong financial services and industrials sectors, as well as across the wider US.
Founded in 1986, CIL Management Consultants is based out of London, with a satellite office in Frome, UK. The firm’s more than 100 consulting professionals provide management consulting support to a wide range of industry clients – with offerings that include strategy, change management, and mergers and acquisition advisory. CIL has deep expertise in the construction, retail, financial, healthcare & education, industrials, media, and technology sectors. The nimble firm has a particularly strong reputation in the education and healthcare industries, where it was recently recognized as a top brand by EducationInvestor and the Financial Times, respectively.
The company also serves clients in the mid-market private equity, an area which has seen spectacular growth. The number of private equity funds reached 2,296 in early 2018 – a record high; according to the Boston Consulting Group, private equity funds sought to raise $744 billion this year – a 25% increase since a year earlier. Driven by low interest rates and historically attractive long-term returns, the private equity industry has swollen to record size, prompting some analysts to say it’s on the cusp of a bubble burst.
The promising financial markets and economic boom of the US in recent years has attracted a number of UK consultancies to the world’s largest and most mature consulting market. Management and tech consulting firm Brickendon launched in NYC in 2016, with fintech advisor 11:FS moving to the Big Apple a year later. Media and advertising consultancy ID Comms, meanwhile, launched a new office in New York earlier this month.
Last year, consultancies Bovill and Egremont expanded into Chicago in order to tap into the strong financial services presence in the Windy City. Now, CIL has likewise expanded its footprint from the UK into the US with the opening of an office in Chicago – the country’s alternate financial capital. The move allows CIL to better serve its clientele and the wider US market, which has shown strong continued demand for the firm’s growth strategy services.
“We have a great track record of working on projects in the US for a number of international private equity houses and corporates,” commented CIL Partner Sebastian Chambers. “Taking the CIL offer to North America is a natural step in ensuring we can serve our clients across key markets even more effectively.”
CIL Principal Rebecca Pigula will lead the firm’s US office, which will offer CIL’s strengths in new product development, buy and sell-side M&A, and operational improvement to clients through a now local presence. Pigula, who has deep experience in technology-related business consulting and life sciences, will be joined a by a team of seasoned consultants – including software and industrials experts.
