Duke Royalty and Oliver Wyman Built for Success
On 7 August 2015, the Company entered into an exclusive collaboration agreement with Oliver Wyman, a global management consultancy firm wholly-owned by Marsh & McLennan Companies (NYSE:MMC). Oliver Wyman is ranked as the world’s fourth largest management consultancy by sales revenue. Oliver Wyman has more than 4,000 professionals in 26 countries, and more than 35 years of experience consulting with leading companies in industries such as financial services, health & life sciences, media and technology, leisure & gaming, hospitality, and power and utilities.
This partnership combines Oliver Wyman’s strong global knowledge and proprietary models with a publicly-quoted royalty company to create a unique offering to potential Royalty Partners and public investors. Within the framework of the collaboration, Oliver Wyman has agreed to assist the Company in identifying and performing due diligence on potential Royalty Partners. Outside the scope of Duke’s exclusive collaboration with Oliver Wyman, the Company remains responsible for raising capital, structuring definitive agreements with potential Royalty Partners, and making the ultimate investment decision, of which the Investment Committee plays the integral role of recommendation.
We believe this collaboration offers the opportunity to fuel meaningful innovations that will result in important global progress.