MSD Partners Buys 50% Of Consultancy West Monroe (Correct)

MSD Partners, the investment firm that grew out of Michael Dell’s family office, has agreed to take a 50% stake in digital consulting firm West Monroe.

The deal values the Chicago-based company at about $2.5 billion, according to people familiar who asked to not be identified because that information wasn’t public.

West Monroe will use proceeds to fund international expansion, Kevin McCarty, the company’s chairman and chief executive officer, said in an interview.

“We are currently U.S. focused, but we will be opening a London office in the first quarter of next year,” he said. “That is ...