Detica is to acquire M.A. International (m.a. partners), the management consultancy with 130 staff and offices in London and New York, for up to £32m. Deltica will make an initial payment of £20.5m in cash and shares, and a further payment of up to £11.8m subject to m.a.'s results for the financial year to March 2007. Amethyst Corporate Finance advised Delitca on the deal, while m.a. partners were adbised by Innovation Advisors. Tom Black, Deltica CEO, commented: "In m.a. partners, we are acquiring a business that has a very impressive track record of growth and one that has long term relationships at the very highest levels in the industry. Its consulting services are complementary to the deep technical expertise of our current capital markets team."