Ankura acquires GreenPoint Group and Newstate Partners
Consulting firm Ankura has acquired GreenPoint Group, a US-China strategic advisory firm, and Newstate Partners, a global sovereign debt advisory firm.
GreenPoint Group was founded in 2010 and has offices in Washington, DC and Beijing. The boutique firm helps large corporations and nonprofits understand and navigate China’s commercial, economic, political, and social environment.
GreenPoint has 17 employees, according to LinkedIn.
“US-China relations are complicated. With McLarty Associates and now GreenPoint, Ankura has a team of world-class global and regional experts who ensure clients anticipate and mitigate risks and thrive in the face of uncertainty,” said Dana White, senior managing director and head of the global strategic advisory group at Ankura.
Ankura acquired McLarty Associates, a Washington, DC-based commercial diplomacy firm with nearly 100 employees, in January 2022.
Consulting firms in China have faced increased scrutiny from authorities in recent months amid cooling relations between China and the West. Chinese police raided Capvision in May and Bain & Company in April.
Newstate Partners was founded in 2009 and is headquartered in London. The firm advises governments, public sector institutions, and creditors on public finance-related issues including debt restructuring and asset and liability management.
The Newstate team has advised more than 30 governments and has been retained on approximately half of the external sovereign bond restructurings undertaken in the past 14 years, including recent restructurings in Sri Lanka, Zambia, Suriname, and Chad.
The firm has 11 employees listed on LinkedIn.
“Sovereign debt expertise is in high demand and Newstate is the right partner at the right time. They are a world-class team of professionals committed to excellence. Together, we will grow our global footprint and expand our breadth of expertise and services,” said Simon Michaels, chairman of Europe, Middle East, and Asia-Pacific at Ankura.
Ankura is currently working on a financial restructuring advisory project for the Government of Puerto Rico.
Ankura has more than 1,800 people providing consulting in change, risk, disputes, finance, performance, and transformation. The firm has 35+ offices in North America, Europe, the Middle East, and Asia-Pacific.
The Washington, DC-based firm earlier this year acquired Chartwell Compliance, a Fairmont, WV-based regulatory compliance firm catering to banking and fintech companies.
