Inc. in 2000 for around $96 million in cash. PA revenues suffered during the consulting recession of 2001-2004, but saw a significant recovery between 2004 and 2006. This helped it to increase its focus on ventures, with 50% of PA's return to its main shareholder between 2002 and 2006 coming from non-consulting activities. This included the sale of a number of subsidiaries including UbiNetics, Volume Product Technology and Meridica. By 2005, the company was ranked 8th in the Sunday Times' list of Britain's biggest mid-market private firms. Government figures released in 2010 showed that PA was the second largest beneficiary of UK Government contracts to consulting firms, receiving £11million over the first year of the coalition. It has gained publicity for its work on analysing what it has called the zombie economy. Other work includes its annual survey of opinion in higher education, and ongoing technological innovations, including a new type of round kitchen towel. On 31 December 2013, Jon Moynihan retired as executive chairman, and was replaced by Marcus Agius, the former chairman of Barclays Bank. In March 2014 the company launched a new logo (the third in its history), a new visual identity and redesigned website. Also in March 2014, Health Select Committee member Sarah Wollaston MP questioned PA Consulting's uploading of a pseudonymised extract of Hospital Episode Statistics to Google BigQuery. The Health and Social Care Information Centre confirmed that PA had used the data in accordance with the information sharing agreement in place. 2015–present In 2015, The Carlyle Group bought a majority stake in the company, giving it a value of USD $1 billion. Since the Carlyle investment, PA has grown significantly. In October 2017, PA started acting on its plans for rapid expansion by relocating its global corporate headquarters. The firm moved from its 25-year home of 123 Buckingham Palace Road, London, to newly built offices at 10 Bressenden Place, taking over two floors of the office block in Westminster. Then, in December 2017, the firm acquired Nyras, a UK-based international aviation consultancy. At the time, Nyras was the only consultancy in the air transport industry authorised by the Financial Conduct Authority to undertake commercial and transactional advisory services in the aviation sector. In April 2018, PA's Chairman, Marcus Agius, announced he would step down and assume the role of Deputy Chairman, with John Alexander replacing him. Alexander made the move from environmental and sustainability