Richard Edwards

Richard Edwards is a Senior Managing Director at FTI Consulting and is based in London. He works within the Economic and Financial Consulting segment Mr. Edwards has over 20 years of experience in valuation, financial analysis, strategic analysis, and research across a wide range of industries.

Prior to joining FTI Consulting Mr. Edwards spent over eight years as an equity research analyst with Citigroup and Execution, and six years as a management consultant with McKinsey & Company and Arthur Andersen’s Business Consulting Group.

Relevant Experience:

• A dispute over the consequences of a minority shareholder in an emerging market telecom operator having been denied an opportunity to acquire a majority shareholding, on behalf of one of the respondents.  The claimant alleges that, had it acquired the business, it would have run it more effectively than the actual acquirer and would thereby have created significant value over and above the current value of the business.  It was important to assess the evidence of superior management skills and the way in which the financial consequences of superior management had been calculated (including valuing the business), and to estimate the proportion of the value created (if any) that would have accrued to the claimant.
• A long running shareholder dispute concerning ownership and control of a large mobile telecoms player, on behalf of the respondent.  In addition to the value of the failed transaction it was important to consider the extent to which the claimant may have suffered through continued illiquidity of its existing shareholding in a holding company.
• A breach of warranty dispute in which it was alleged that the vendor of an Eastern European mobile operator had not disclosed the terms of a contract that was not in the ordinary course of business, on behalf of the respondent.  It was important to assess whether the business plan reviewed by the acquirer reflected the terms of the contract, and if not, what impact the contract had on the value of the business.
• A dispute over the alleged consequences of the recapitalisation of a European mobile telecom operator on behalf of the defendants.
• A dispute over the ownership of a minority shareholding in a Middle Eastern mobile telecom operator on behalf of the plaintiff.
• A dispute over the redemption of certain debt instruments in a European telecoms company and the alleged contribution of this transaction to its eventual insolvency.
• A dispute concerning the ownership of various minority shareholdings in, and control of, an oil refinery in the former Soviet Union on behalf of the claimant. The claimant had a direct and two indirect shareholdings in the refinery, but through an agreement with another major shareholder had control.
• A dispute between two European banks over an agreed transaction in the equity of a continental European fund of hedge funds that was not completed, on behalf of the respondent.
• A dispute over the financial consequences of the early revocation of multiyear import duty exemptions in Eastern Europe on behalf of the claimant, a consumer goods manufacturer.  The claimant had invested significant sums in new facilities and following the early revocation of the exemptions became financially constrained.
• A dispute between investors in a hedge fund and its manager over the management fees charged during the wind down and closure of the fund.
• A dispute over the lost opportunity to import light commercial vehicles into the USA having failed to achieve approval from the US emissions and safety standards authorities, on behalf of the respondent.
• A dispute in which it was alleged that the auditors of a Middle Eastern bank had been negligent, as a result of which it was alleged that significant losses were suffered by the creditors and shareholders of the bank, on behalf of the administrators of the bank.
• Advice in connection with a dispute over the financial consequences of a temporary closure of a nursing home in the UK.