Convergence has evolved. It used to describe the coming together of IT, telecoms, media and entertainment. Now it is more likely to mean the marriage of IT and marketing services. A recent example was provided by the sale of media intelligence specialist Gorkana, which was advised by DC Advisory.
London-based DC Advisory was Close Brothers Corporate Finance until it was bought by Daiwa five years ago. It has no balance sheet to deploy and has always been a pure advisory shop. More than half of its business is done with private equity houses and their portfolio companies.
