"It is hard to imagine the Equiteq team of Adam Tindall, Dan Kim, Ravi Dosanjh, 
and Tom Tartaglia delivering a deal under more difficult circumstances. The 
COVID pandemic was breaking out as we signed the LOI – Adam and the team 
steered us through tremendous uncertainty with dogged persistence, 
extraordinary effort, real creativity, and integrity." – Geoff Walker, 
Co-Founder Water Street Partners

Water Street Partners, LLC ("Water Street"), a premier joint venture and 
alliance advisory firm, announced on July 2, 2020 that it has been acquired by 
Washington, D.C.-based global business and expert advisory firm, Ankura.
  
"We are excited to join the Ankura team, and we share a commitment to serving 
clients and a common culture focused on collaboration and respect," said James 
Bamford, a Co-Founder and Managing Director of Water Street. David Ernst, also 
a Co-Founder and Managing Director of Water Street, added, "We look forward to 
working together with our new colleagues and helping them grow our combined 
businesses through a continued commitment to exceeding our clients' 
expectations."

"We continue to grow our business by attracting top talent in defined and 
attractive market segments and fostering a collaborative environment that 
encourages these leaders to leverage one another's insights and expertise to 
deliver high-quality, customized solutions to our clients," said Kevin Lavin, 
Chief Executive Officer of Ankura. "Water Street is a proven leader in the 
joint venture and alliance advisory sector. This combination extends our 
delivery of expert advice to an expanding global client base facing complex and 
challenging situations."

Regarding Equiteq's role in the transaction, Geoff Walker said, "It was clear 
to us that Equiteq were deeply experienced in our space. Adam and the team did 
not disappoint. We are thrilled with the value they helped us capture, and more 
importantly, the home they found us at Ankura to continue to grow our business, 
serve our clients, and create opportunities for our team." 
     
Adam Tindall, Managing Director of Equiteq's North America practice, commented, 
"It has been an honor representing the world's premier joint venture and 
alliance advisory firm in this transaction. The Water Street team have done a 
fantastic job at building a highly specialized and successful practice, and 
Ankura will be a great home to support the company's growth."  
 
SOURCE Equiteq

CONTACT: info@equiteq.com