Milbank LLP has advised PA Consulting on further investment by Jacobs into PA. PA Consulting and Jacobs (NYSE: J) have reached an agreement for Jacobs to acquire the remaining stake in PA Consulting not currently held by it. The total upfront consideration for the remaining stake is approximately £1.216 billion, reflecting a valuation for 100% of the business of approximately £3.05 billion. Jacobs’ further investment in PA creates a global advisory powerhouse – delivering solutions that enhance capital efficiency, accelerate innovation and drive lasting value. The Milbank team provided comprehensive advice across all aspects of the transaction, led by partner Jordan Simpson (Corporate/Private Equity) alongside associates Emily Gidda, Catriona Mather and Mhairi Sinclair, plus trainee Hew Murray (all Corporate/Private Equity). London partner Paul Buchan (Corporate/Private Equity) advised on scheme-related aspects, while New York partners Iliana Ongun (Corporate) and Brett Nadritch (Corporate Finance and Securities) addressed US corporate and securities issues. Specialist advice was provided in London and New York, including by partner Ajal Notowicz and associate Lauren Stoddart (Antitrust and FDI), partner Alan Rafferty and special counsel Shaul Steinberg (Tax), partner Kelly Bartley (Executive Compensation and Employee Benefits), and partner Tom Canning and associate Vasiliki Katsarou (Litigation & Arbitration).