PA has announced that Jacobs, the global technical and professional services leader, has signed an agreement to invest in PA for a 65% shareholding in the company. The transaction, which values PA at £1.825 billion and is expected to close by the end of calendar Q1 2021 subject to regulatory approvals and shareholder consent, sees current shareholder The Carlyle Group exit its stake in PA.
The strategic partnership has generated extensive global media coverage, and the news has been covered by over 280 outlets spanning international news sites, regional and select trade media, as well as tier one nationals including: Yahoo! Finance, Wall Street Journal, Financial Times, The Times, Reuters, The Telegraph and Consulting.UK.
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